Item$9$

$11\mathrm{.}12$points

Time Remaining $1$ hour $48$ minutes $22$ seconds

$01$:$48$:$22$

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Item $9$

Time Remaining $1$ hour $48$ minutes $22$ seconds

$01$:$48$:$22$

Prairie partnership has four equal partners, Dodd, Crank, Pick, and Mack. Each of the partners had a tax basis of $$320,000$ as of January $1,$ Year $1.$ Prairie's Year $1$ ordinary business income was $$152,000$ before deducting any guaranteed payments made to the partners. During Year $1,$ Prairie paid Mack guaranteed payments of $$4,000$ for deductible services rendered. During Year $1,$ each of the four partners took a distribution of $$50,000.$ What amount from Prairie should be included on Dodd's Year $1$ tax return?

Multiple Choice

$$152,000.$

$$42,000.$

$$38,000.$

$$37,000.$