On January 2, 2012, Arch and Bean contribute cash equally
to form the JK Partnership. Arch and Bean share profits and
losses in a ratio of 75% to 25%, respectively. For 2012, the partnership’s
ordinary income was $40,000. A distribution of $5,000
was made to Arch during 2012. What amount of ordinary income
should Arch report from the JK Partnership for 2012?