The SWC Partnership reported the following current year earnings: $40,000 interest from tax-exempt bonds, $60,000 long-term capital gain, and $200,000 net income from operations. Robert, a 50% partner told his colleague Wilma, also a 50% partner that the partnership had $200,000 of taxable income in the current year. a. Is he correct? Explain b. How much will each partner report of their individual tax returns