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a$-1.$ How much ordinary business income $($loss$)$ would Firewalker report for the current year?

a$-2.$ What separately stated items will it report on its return for the year?

Complete this question by entering your answers in the tabs below.

Required a$1$

Required a$2$

How much ordinary business income $($loss$)$ would Firewalker report for the current year?

Ordinary business income $($loss$)$ b$.$ How will Firewalker allocate ordinary business income and separately stated items to its partners?

Note: Round your intermediate calculations and final answers to the nearest whole dollar amount.

$\backslash$table$[[$Description$,$Jhumpa,Stewart,Kelly$],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$ c$.$ How much self$-$employment tax will each partner pay assuming none has any other source of income or loss?

Note: Round your intermediate calculations and final answers to the nearest whole dollar amount.

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

Jhumpa, Stewart, and Kelly are all one$-$third partners in the capital and profits of Firewalker General Partnership. In

addition to their normal share of the partnership's annual income, Jhumpa and Stewart receive an annual guaranteed

payment of $$10,000$ each to compensate them for additional services they provide. Firewalker's income statement for the

current year reflects the following revenues and expenses:

Note: Leave no answer blank. Enter zero if applicable.

Required:

a$-1.$ How much ordinary business income $($loss$)$ would Firewalker report for the current year?

a$-2.$ What separately stated items will it report on its return for the year?

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