Partner D is a 10 percent general partner in ABCD Partnership. The partnership's financial record for the current tax year reveal the following:

Gross reciepts from sales........................... $820,000

Cost of sales................................................. (540,000)

Operating expenses.......................................(93,000)

Net income from rental real estate................... 64,000

Dividend income................................................ 20,000

Business meals and entertainment.................... (8,200)

Section 1231 loss............................................... (17,500)

D's outside basis in his partnership was $125,000 at the beginning of the tax year.

1. Using Form 1065, page 1 as a guide, calculate the partnership's ordinary income/loss for the current tax year.

2. Determine D's capital account the partnership at the end of the tax year.