Dustin,Dan,and Dennis Operate Heritage Hills Dry Cleaners as an S

Essay

Dustin,Dan,and Dennis operate Heritage Hills dry cleaners as an S corporation.Dustin owns 50% of the business,Dan 30%,and Dennis 20%.For the current year,Heritage Hills reports the following:
$\begin{array}{l|r}\hline \text { Sales revenues } & \$ 400,000 \\\hline \text { Trade and business expenses } & (185,000) \\\hline \text { Charitable contributions } & (5,000)\\\hline\text { Short-term capital losses } & (4,000) \\\hline \text { Long-term capital gains } & 12,000 \\\hline\text { Taxable income } & \$ 218.000\\\hline \end{array}$
How must Heritage Hills report its results to each of the owners?