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 $100,000 at the beginning of the tax year. The partnership profits for the tax year were $1,252,800. Changes in their capital accounts during the tax year were as follows: Faye Gary Heidi Total Beginning balance $100,000 $100,000 $100,000 $300,000 Withdrawals (20,000) (35,000) (10,000) (65,000) Additional contributions 0 5,000 5,000 Allocation of profits 417,600 417,600 417,600 1,252,800 Ending balance $497,600 $482,600 $512,600 $1,492,800 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