I know this is a really condensed question. I'm uploading this to simply get some guidance on what to do in completing this partnership tax return. Please see attached beginning instructions and financial statements below:

Financial Statements:

AAA Plumbing, LLC
Balance Sheet
December 31, 2020

Balance Sheet

12/31/2019 12/31/2020

Assets:
Cash $ 30,000 $ 45,000
Tax-exempt Securities 100,000 100,000
Building 4,000,000 4,000,000
Less: Acc. Depreciation (551,282) (653,842)
Equipment 2,500,000 3,250,000
Less: Acc. Depreciation (1,481,400) (2,231,653)
Land 1,000,000 1,000,000
Total Assets: $5,597,318 $5,509,505

Liabilities and Capital:
Note Payable-First National Bank $4,267,318 $4,046,673
Note Payable-Michael Rodriguez 300,000 300,000
Note Payable-Devontae Johnson 200,000 200,000
Capital Account-MR 415,000 481,416
Capital Account-DJ 415,000 481,416
Total Liabilities and Capital: $5,597,318 $5,509,505



AAA Plumbing, LLC
Income Statement
For the year ending December 31, 2020
Item Amount
Income:
Service Revenue-Cash $ 343,565
Service Revenue-Credit Cards $1,922,710
Consulting Revenue-Cash $ 50,950
Consulting Revenue-Credit Cards $ 155,005
Interest Income-First National Bank $ 1,540
Municipal Bond Interest Income $ 2,500
Total Income: $2,476,270
Expenses:
Employee Salaries $ 515,735
Guaranteed payment-MR $ 50,000
Guaranteed payment-DJ $ 50,000
Repairs and Maintenance-Trucks $ 113,415
Rent $ 35,000
Payroll Taxes $ 41,260
Licensing Fees $ 1,750
Property Taxes $ 77,000
Interest Expense $ 235,000
Depreciation $ 852,813
Office Supplies $ 3,420
Employee Training $ 5,675
Advertising $ 18,850
Plumbing supplies $ 15,125
Meals (prior to disallowance) $ 13,740
Travel $ 4,210
Gasoline $ 158,675
Utilities $ 24,940
Telephone $ 16,830
Total Expenses: $2,233,448

Net Income: $ 242,832