2 Jayanthi and Krish each own a 50 percent general partner interest in the JK Partnership. The following information is available regarding the partnership's 2020 activities: Sales revenue Selling expenses $ 915,000 366,000 Depreciation expense 46,500 1.66 points Long-term capital gain 9,900 Nondeductible expenses 2,800 Partnership debts, beginning of the year 131,000 Partnership debts, end of the year 160,600 65,500 65,500 eBook Print References Partnership distributions Jayanthi Krish Required: a-1. Calculate the partnership's ordinary (nonseparately stated) income. a-2. Indicate which items must be separately stated by selecting "Yes" and which items must not be separately stated by selecting "No". b. Calculate Jayanthi's allocable share of partnership items. c. If Jayanthi has no other sources of taxable income, what is her total gross income for 2020? d. At the beginning of the year, Jayanthi's adjusted tax basis in her partnership interest was $37,500. Calculate her ending adjusted tax basis in her partnership interest. Req A1 Req A2 Req B Req C and D Calculate the partnership's ordinary (nonseparately stated) income. Ordinary income < Req A1 Req A2 >