Kim received a 1/3 profits and capital interest in Bright Line,
LLC in exchange for legal services she provided. In addition to her
share of partnership profits or losses, she receives a $37,000
guaranteed payment each year for ongoing services she provides to
the LLC. For X4, Bright Line reported the following revenues and
expenses: Sales - $157,000, Cost of Goods Sold - $97,000,
Depreciation Expense - $53,000, Long-Term Capital Gains - $22,000,
Qualified Dividends - $6,700, and Municipal Bond Interest - $3,700.
How much ordinary business income (loss) will Bright Line allocate
to Kim on her Schedule K-1 for X4?
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