The statement of members€™ equity for Yellow Mountain Mines, LLC, is shown below.

(a) What was the income-sharing ratio in 2010?
(b) What was the income-sharing ratio in 2011?
(c) How much cash did Randy Reed contribute to Yellow Mountain Mines, LLC, for his interest?
(d) Why do the member equity accounts of Nevada Properties, LLC, and Star Holdings, LLC, have positive entries for Randy Reed€™s contribution?
(e) What percentage interest of Yellow Mountain Mines did Randy Reedacquire?

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Yellow Mountain Mines, LLC Statement of Members' Equity For the Years Ended December 31, 2010 and 2011 Star Holdings, LLC, Member Equity Nevada Properties, LLC, Member Equity Randy Reed, Member Equity Total Members' Equity $ 760,000 300,000 $1,060,000 290,000 400,000 $310,000 210,000 $520,000 14,000 220,000 (48,000) $706,000 Members' equity, January 1, 2010 $450,000 Net income 90,000 $540,000 6,000 100,000 (32,000) Members' equity, December 31, 2010 $270,000 80,000 (50,000) Reed contribution Net income (130,000) $1,620,000 Less member withdrawals Members' equity, December 31, 2011 $614,000 $300,000