There is only one part to this question, listed at the very end. The rest is simply information. Please complete the portion highlighted at the end. Thanks.

camping, fishing, skiing, and other outdoor gear to the general public. Mark has a 33.33% profits and capital interest and Fred has a 66.67% profits and capital interest. Their profits and capital interests have remained unchanged since the partnership was formed. Mark is actively involved in managing the business while Fred, the limited partner, is simply an investor. Aspen Ridge is located at 1065 North 365 South, Ogden, UT, 84401. The employer identification number for Aspen Ridge is 85-8976654. Aspen Ridge uses the accrual method of accounting and has a calendar year end. Mark's address is 543 Wander Lane, Holliday, UT 84503. His Social Security Number is 845-03-1111 Fred's address is 245 Hickory Lane, Ogden, UT 84401. His Social Security Number is 844-01-2222 . The following is Aspen Ridge's 2019 income statement for books: Aspen Ridge Income Statement For year ending December 31, 2019 Sales 3,400,000 Sales Returns and Allowances (80,000) Cost of Goods Sold (2,650,000) Gross Profit from Operations 670,000 Other Income: Interest from Illinois State Bonds Interest from IBM Corporate Bonds Royalties on Patents Dividend Income (Qualified) Long-term Capital Gain from Stock Gross Income 4,000 1,000 58,000 8,000 25,000 766,000 Expenses: Employee wages Bad Debts Miscellaneous Expense Rent on retail building Depreciation Advertising Guaranteed payments to Mark Sullivan Utilities Accounting and legal services Meals Entertainment Fines and Penalties Charitable Contributions 300,000 24,000 8,000 18,500 15,000 16,000 50,000 8,500 7,000 4,000 1,000 3,000 6.000 Aspen Ridge Balance Sheet December 31, 2019 Cash Accounts Receivable Allowance for Doubtful Accts Inventory Fixed Assets Accumulated Depreciation Total Assets 300,000 135,000 (10,000) 1,300,000 680,000 (112,000) 2,293,000 Accounts Payable Long-term Debt Partner's Capital Account Total Liabilities & Capital 196,340 600,000 1,496,660 2,293,000 Notes: 1. Partnership liabilities consist of accounts payable, and Mark, as general partner, is legally responsible for paying these liabilities if the partnership does not. 2. In 2019, Aspen Ridge sold stock investments for a $25,000 capital gain. (The book and tax gains are equal.) 3. For tax purposes, Aspen Ridge has $30,000 of new additions that will be completely deducted using Section 179. Aspen has no other tax depreciation. 4. On November 30th, Aspen Ridge distributed $150,000 ($100,000 to Fred and $50,000 to Mark) to the partners. 5. Aspen Ridge maintains its books using generally accepted accounting principles. You can assume that all other expenses or accruals for GAAP purposes were also deductible for Tax purposes unless otherwise specified. 6. Partner's Capital Account balance at the beginning of the year was 1,291,660. 7. Aspen Ridge accrued $24,000 of bad debt expense in 2019 and wrote off $19,000. Allowance for Doubtful Accts Beginning Balance Bad Debt Accrued Write-Offs Ending Balance $ 5.000 24.000 (19,000) $10,000 1.) Prepare a book to tax reconciliation. Convert the book income statement to a tax income statement...making sure that the taxable income agrees to your book to tax reconciliation