Self-Study Problem 10.4 im and Jack are equal partners in J8J Interests, which has ordinary income for the year of $32,000 before guaranteed payments. Jim receives guaranteed payments of $36,000 during the year. Calculate the total amount of income or loss from the partnership that should be reported by Jim and by Jack. Assume that each partner has a basis of $20,000 in the partnership. 1. 3im should report total income of 2. Jack should report total loss X of