Question: ayanthi and Krish each own a 50 percent general partner interest in the JK Partnership. The following information is available regarding the partnership's 2021 activities:

ayanthi and Krish each own a 50 percent general partner interest in the JK Partnership. The following information is available regarding the partnership's 2021 activities: Sales revenue $ 750,000 Selling expenses 300,000 Depreciation expense 54,750 Long-term capital gain 13,800 Nondeductible expenses 1,550 Partnership debts, beginning of the year 162,000 Partnership debts, end of the year 190,300 Partnership distributions Jayanthi 81,000 Krish 81,000 Required: a1. Calculate the partnerships ordinary (nonseparately stated) income. a2. Indicate which items must be separately stated by selecting "Yes" and which items must not be separately stated by selecting "No". b. Calculate Jayanthis allocable share of partnership items. c. If Jayanthi has no other sou

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