Thomas is a calendar-year taxpayer. He is a 23% partner in Top Partnership, which uses an August 31 fiscal year-end.. Top Partnership had $175,000 of ordinary income for the year ended August 31, 2008 and $150,000 of ordinary income for the year ended August 31, 2009. Thomas withdrew $50,000 from the partnership on December 1, 2008 when he had a basis of $138,000 in the partnership. What amount should he report on his 2008 tax return as ordinary income from Top Partnership? 1) $40,250 2) $45,000 3) $50,000 4) $31,740 please show work and do not guess