Hoki Poki, a cash-method general partnership, recorded the following items for its current tax year:...

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Hoki Poki, a cash-method general partnership, recorded the following items for its current tax year: Rental real estate income Sales revenue $1245 recapture income Interest income Cost of goods sold Depreciation-MACRS Supplies expense Employee wages Investment interest expense Partner's medical insurance premiums paid $ 8,000 $ 82,000 $ 2,000 $ 2,000 $ (33,000) $ (20,000) $ (3,000) $ (19,000) $ (20,000) by Hoki Poki $ (6,000) As part of preparing Hoki Poki's current year return, identify the items that should be included in computing its ordinary business income (loss) and those that should be separately stated. [Hint: See Schedule K-1 and related preparer's instructions at www.irs.gov.] If you determine an item to be an ordinary income item, include the amount to be able to calculate ordinary income. (Negative amounts should be entered with a negative sign. Leave no answer blank. Enter zero if applicable.) Included in Ordinary Income or Separately Stated Ordinary Income Amount Rental real estate income Sales revenue 51245 recapture income Interest income Cost of goods sold Depreciation-MACRS Supplies expense Emplovee wages Investment interest expense Partner's medical insurance premiums paid by Hoki Poki Ordinary income

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