Sifan and Tabitha each contributed $500 to ST LLC, which is taxed as a partnership. The agreement contains all the necessary provisions to qualify under the Alternate Test for economic effect. The partnership agreement provides that all items of income and expense are shared 50/50, except depreciation expense and nonrecourse deductions are allocated 100% to Tabitha. At the time of formation, the partnership purchases a piece of equipment for $5,000, using the $1,000 contributed by the partners and borrowing $4,000 on a nonrecourse loan. The equipment is being depreciated straight-line over ten years. Excluding depreciation, the only item of income and expense earned by the partnership is $400 of net income from the business that uses the equipment. No payments have been made on the principal of the loan. a. Calculate the amount of nonrecourse deductions on the equipment for each of the years 1 through 3. b. Allocate net income and depreciation expense between the partners for each of the years 1 through 3