Illuminating Light Partnership had the following revenues, expenses, gains, losses, and distributions: Given these items, what is Illuminating Light's ordinary business income (loss) for the year?

Question

Illuminating Light Partnership had the following revenues, expenses, gains, losses, and distributions:  Given these items, what is Illuminating Light's ordinary business income (loss) for the year?

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The Answer of Illuminating Light Partnership had the following revenues, expenses, gains, losses, and distributions:  Given these items, what is Illuminating Light's ordinary business income (loss) for the year?

Illuminating Light Partnership Had the Following Revenues, Expenses, Gains, Losses