Question $28$

$7$ pts

During the current year, MAC Partnership reported the following items of receipts and expenditures: $$400,000$ Sales, $$80,000$ utilities and rent, $$100,000$ salaries to employees, $$10,000$ of interest income, $$40,000$ of long$-$term capital gains, $$20,000$ guaranteed payment to partner Antonio, and a distribution of $$30,000$ to partner Carl.

Antonio is a $25\%$ general partner. Based on this information, what items will be reflected on Antonio's Schedule K$-1?$

$($Clearly label each individual item, including the $ amounts$)$

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$12$pt Paragraph

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