Problem 4-42 (Algorithmic) (LO. 3, 4) Faye, Gary, and Heidi each have a one-third interest in the capital and profits of the FGH Partnership. Each partner had a capital account of $115,000 at the beginning of the tax year. The partnership profits for the tax year were $1,708,500. Changes in their capital accounts during the tax year were as follows: Beginning balance Withdrawals Additional contributions Allocation of profits Ending balance Faye Gary $115,000 $115,000 $115,000 Heidi Total $345,000 (20,000) (35,000) (10,000) (65,000) 0 0 5,000 5,000 569,500 569,500 569,500 1,708,500 $664,500 $649,500 $679,500 $1,993,500 Compute each partner's gross income from the partnership for the tax year. Each partner's gross income from the partnership for the tax year is $