Problem 10-39 (LO. 6, 7, 8, 9, 12) The KL Partnership is owned equally by Kayla and Lisa. At the beginning of the year, Kayla's tax basis in her KL interest is $20,000 and Lisa's tax basis is $16,000. Partnership debt did not change from the beginning to the end of the tax year. KL reported the following income and expenses for the current tax year. Assume total assets are $680,400. a. Complete whether the following items are reported on Form 1065, page 1 or on Form 1065, Page 4, Schedule K. How much is the partnership's ordinary income on page 1 ? X