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On January of the current year, Mary (20%), Lynn (30%) and Bill (50%) are partners...

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Accounting

On January of the current year, Mary (20%), Lynn (30%) and Bill (50%) are partners in the QQQ Partnership. During the current year, QQQ reports the following results:

Ordinary income $150,000

Long-term Capital Gains $ 12,000

Short-term Capital Loss $ 7,000

Charitable Contribution $ 30,000

Special distribution to Mary to pay medical expenses $ 11,000

What are the distributive shares for each partner?

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