Shirelle and Newman are each 50% partners of a business that operates as a partnership. The business reports the following results: Revenue $ 98,500 Business expenses 68,950 Investment expenses 10,500 Short-term capital gains 17,000 Short-term capital losses (23,900 ) How do Shirelle and Newman report these items for tax purposes in the following ?
schedules A = $5250
schedules B = ?
schedules C = ?
HINT: answer is a number not a definition