Duo Partnership reports the following items for the year:Sales$750,000Wage expense300,000Rent expense50,000Charitable contributions10,000Short-term capital gain20,000Sec. 179 expense100,000In addition to reporting separately stated items on the Form 1065, Duo will report ordinary income of
A. $300,000.
B. $420,000.
C. $310,000.
D. $400,000.
Answer: D
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