A summary of Leland's operating revenues and expenses for Year One Battached Comput Leland's taxable income or loss for the period, and determine the amount of the income or loss that is (1) allocablo to and (2) deductible by Josie Chamberlain on her Year One fodetal individual income tax column Leland Real Estate Limited Partnership Operating Revenues and Expenses For January 1 December 31, Year One Gross rental revenues S 2,100,000 5 Operating expenses for properties Repairs and maintenance Interest expense Property taxes 1,700,000 212,000 126,000 110,000 2,148,000 Net cash flow from operations $ (48,000) Leland financed the negative cash flow from operations with short to recou borrowind The management fee is not included in the above expenso but should be taken into account in determini The solution