ariel, bob, candice and dmitri are equal partners in a local ski resort. the resort reports the following items for the current year: business revenue $ 1,200,000 business expenses 750,000 short-term capital gains 107,000 short-term capital losses (103,000) each partner receives a schedule k-1 with one-fourth of the preceding items reported to him/her. how must each individual report these results on his/her form 1040?