Illuminating Light Partnership had the following revenues, expenses, gains, losses, and distributions: Sales 246,199 Long-Term Capital...

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Illuminating Light Partnership had the following revenues, expenses, gains, losses, and distributions: Sales 246,199 Long-Term Capital Gain Qualified Dividends 10,544 11,763 Cost of Goods Sold 56,733 Employee Wages 20,502 Guaranteed Payment to Managing Partner 24,997 Section 1231 Gains 15,211 Fines and Penalties $ 18,652 Given these items, what is Illuminating Light's ordinary business income (loss) for the year? Illuminating Light Partnership had the following revenues, expenses, gains, losses, and distributions: Sales 246,199 Long-Term Capital Gain Qualified Dividends 10,544 11,763 Cost of Goods Sold 56,733 Employee Wages 20,502 Guaranteed Payment to Managing Partner 24,997 Section 1231 Gains 15,211 Fines and Penalties $ 18,652 Given these items, what is Illuminating Light's ordinary business income (loss) for the year?

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