45.   LO.7,  8, 9  The KL Partnership is owned equally by Kayla and Lisa. Kayla’s basis   is

$20,000 at the beginning of the tax year. Lisa’s basis is $16,000 at the be- ginning of the year. Assume partnership debt did not change from the beginning to the end of the tax year. KL reported the following income and expenses for the cur- rent tax year:

Sales revenue	$150,000
Cost of sales	80,000
Distribution  to Lisa	15,000
Depreciation  expense	20,000
Utilities	14,000
Rent expense	18,000
Long-term capital gain	6,000
Payment to Mercy Hospital for Kayla’s medical   expenses	12,000

a.      Determine the ordinary partnership income and separately stated items for the partnership.

b.     Calculate Kayla’s basis  in her partnership interest at the  end of the tax year.  What items should Kayla report  on her Federal income  tax   return?

c.      Calculate Lisa’s basis in her partnership interest at the end of the tax year. What items should Lisa report on her Federal income tax return?