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This year, FGH Partnership generated $800.000 ordinary business income. FGH has two equal partiners: Friad LLC and Beta; an 5 corporation. Triad LLC has three

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This year, FGH Partnership generated $800.000 ordinary business income. FGH has two equal partiners: Friad LLC and Beta; an 5 corporation. Triad LLC has three members: Mr. Ty, who owns a 40 percent interest. Mrs. Ude, who owns a 35 percent interest, and V. Incorporated, which owns a 25 percent interest Beta has 100 shares of outstanding stock, all of which are owned by Ms. Byrd. Required: Identify the taxpayers who must pay tax on the partnership income, and determine how much income must be reported by each

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