This year, the Tastee Partnership reported income before guaranteed payments of $196,500. Stella owns a 50% profits interest and works 1,730 hours per year in the business. Euclid owns a 50% profits interest (with a basis of $30,000 at the beginning of the tax year) and performs no services for the partnership during the year. For services performed during the year, Stella receives a "salary" of $9,825 per month. Euclid withdrew $19,650 from the partnership during the year.

a. What is the amount of guaranteed payments made by the partnership this year? $

b. How much is the partnership's ordinary income after any permitted deduction for guaranteed payments? $

c. How much income will Stella and Euclid report? Stella: $ Euclid: $