jim johnson has 40% interest in

Question

Richards and Johnson, LLP. The
partnership has the following activity for the year
sales 180,0000
cost of goods 105,000
guaranted payment richard 25,000
depreciation 11,000
interest expense 1000
tax exempt income 1500
healthe insurance premium jim 700
health insurance premim ron 700

calcute jim share of ordinary i ncome from the partnership. calcute jim shareof separately stated items that will appear o n his schedule k-1 from richard johnson , llp