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The WE Partnership Reports the Following Items for Its Current  ItemAmount \begin{array} { l } \text { Item}& \text {Amount }\\\end{array}

Question 55

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The WE Partnership reports the following items for its current tax year:
 ItemAmount \begin{array} { l } \text { Item}& \text {Amount }\\\end{array}
Income
perating income $90,000Rental income 15,000\begin{array} { l } \text {perating income }&\$90,000\\ \text {Rental income }&15,000\\\end{array}
Interest income:
 Tax-exempt municipal bonds 2,000Corporate bonds 4,000Sec. 1231 gain 20,000Sec. 1245 gain 18,000 Long-term capital gain7,000\begin{array} { l } \text { Tax-exempt municipal bonds }&2,000\\ \text {Corporate bonds }&4,000\\ \text {Sec. 1231 gain }&20,000\\ \text {Sec. 1245 gain }&18,000\\ \text { Long-term capital gain}&7,000\\\end{array}
Expenses
Rental expenses 12,000Salaries paid to employees (not partners) 30,000Charitable contributions 5,000 Interest paid related to borrowings used to finance municipal bonds3,000\begin{array} { l } \text {Rental expenses }&12,000\\ \text {Salaries paid to employees (not partners) }&30,000\\ \text {Charitable contributions }&5,000\\ \text { Interest paid related to borrowings used to finance municipal bonds}&3,000\\\end{array}
What is the WE Partnership's ordinary income for the current year?

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