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Timothy Gates and Prada Singh decide to form a new company, TGps I. (a multimenber U c that will report its operations as a partnership).

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Timothy Gates and Prada Singh decide to form a new company, TGps I. (a multimenber U c that will report its operations as a partnership). Timothy is married, and Prada is single. Each contributes 400,000 of capital to begin the business, and both materially participate in the business. In 2022, TGes reports a net loss of $580,000. What are the implicitions of thls loss for Timothy and Prada? If an amount is zero, enter " 0

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