Comprehensive Problem $9-81(LO9-1,LO9-2,LO9-3,LO9-4,LO9-5,LO9-6)(Algo)$

$[The$ following information applies $to$ the questions displayed below.$]$

The TimpRiders $LP$ has operated a motorcycle dealership for a number $of$ years. Amir $is$ the $limited$ partner, Francesca $is$

the general partner, and they share capital and profits equally. Francesca works full time managing the partnership. Both

the partnership and the partners report $on$ a calendar$-$year basis. $At$ the start $of$ the current year, Amir and Francesca had

bases $of$ $$11,400$ and $$3,600,$ respectively, and the partnership did not have any liabilities. During the current year, the

partnership reported the following results from operations:

$On$ the last day $of$ the year, the partnership distributed $$3,600$ each $to$ Amir and Francesca. $d-3.$ Using the information provided, prepare a Schedule $K-1$ for Francesca.

Note: Visit the IRS website and download Form $1065$ Schedule $K-1.$ Enter the required values $in$ the appropriate fields. Save your

completed Tax Form $to$ your computer and then upload $it$ here $by$ clicking "Browse." Next, click "Save."