This year, the Tastee Partnership reported income before guaranteed payments of $263,000. Stella owns a 85% profits interest and works 1,770 hours per year in the business. Euclid owns a 15% profits...

This year, the Tastee Partnership reported income before guaranteed payments of $263,000. Stella owns a 85% profits interest and works 1,770 hours per year in the business. Euclid owns a 15% profits interest (with a basis of $30,000 at the beginning of the tax year) and performs no services for the partnership during the year. For services performed during the year, Stella receives a "salary" of $13,150 per month. Euclid withdrew $26,300 from the partnership during the year as a normal distribution of cash from Tastee (i.e., not for services).

If required, round your answers to the nearest dollar.