Required Information

Problem $09\mathrm{.}59($LO $09-4)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Georgio owns a $10$ percent profits and capital interest in Rain Tree LLC$.$ For the current year, Rain Tree had the following

revenues, expenses, gains, and losses:

Sales revenue

Gain on sale of land $($$$1231)$

cost of goods sold

Depreciation$-$MACRS

$$179$ deduction$*$

Employee wages

Nondeductible fines and penalties

Municipal bond interest

Short$-$term capital gains

Guaranteed payment to Sandra

$$85,90$

$13,600$

$(46,75)$

$(4,25)$

$(14,5)$

$(2,)$

$(3,80)$

$7,300$

$6,15e$

$(3,7)$

$*$Assume the $$179$ property placed in service limitation does not apply.

Problem $09-59$ Part a $($Algo$)$

a$.$ How much ordinary business income $($loss$)$ is allocated to Georgio for the year?