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P1 and P2 are equal partners in ABC Partnership. The partnership agreement states that P1 will receive a guaranteed payment of $25,000 and that P1 and p2 will share the remaining items of income, gain, deduction, and loss equally. For the tax year, ABCreports the following results, Determine the amount of ordinar, income allocated to P2 for the year. - Sales- 120,000 - Cost of goods sold 45,000 - Depreciation 7500 - Employee wages - 35,000 - Other business expenses 3.000