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

Gross receipts 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 interest was $125,000 at the beginning of the tax year.

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

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