Please explain to me step by step . ( specially the tax basis)

101) On January 1, 20X9, Mr. Blue and Mr. Grey each contributed $100,000 to form the B&G General Partnership. Their partnership agreement states that they will each receive a 50 percent profits and loss interest. The partnership agreement also provides that Mr. Blue will receive an annual $36,000 guaranteed payment. B&G began business on January 1, 20X9. For its first taxable year, its accounting records contained the following information: Gross receipts from sales $ 150,000 75K Cost of sales $ (220,000)( 110 -Depreciation expense $ (9,000) Section 1231 gains $ 8,000 4 k The $3,000 of interest was paid on a $60,000 loan made to B&G by Key Bank on June 30, 20X9. B&G repaid $10,000 of the loan on December 15, 20X9. Neither of the partners received a cash distribution from B&G in 20X9. Complete the following table related to Mr. Blue's interest in B&G partnership: Item pet out ile fross Amount Mr. Blue's ordinary business income (loss) allocation for 20X9 usinga loggia ma Mr. Blue's self-employment earnings (loss), for 20X9 Mr. Blue's tax basis in his B&G interest on December 31, 20X9