Turtle Creek Partnership had the following revenues, expenses, gains, losses, and distributions: Sales revenue $ 59,000 Long-term capital gains $ 3,300 Cost of goods sold $ (15,200 ) DepreciationMACRS $ (3,400 ) Amortization of organization costs $ (1,980 ) Guaranteed payments to partners for general management $ (18,100 ) Cash distributions to partners $ (2,200 ) a. Given these items, what is Turtle Creeks ordinary business income (loss) for the year?

b. What are Turtle Creeks separately stated items for the year? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

• Sales revenueunanswered
• Long-term capital gainsunanswered
• Cost of goods soldunanswered
• Depreciation MACRSunanswered
• Amortization of organization costsunanswered
• Guaranteed paymentsunanswered
• Cash distributionsunanswered