Question: Assume the same facts as in Problem 52. Assume that Burgundy, Inc.'s annual guaranteed payment is increased to $120,000 starting on January 1, 2016, and

Assume the same facts as in Problem 52. Assume that Burgundy, Inc.'s annual guaranteed payment is increased to $120,000 starting on January 1, 2016, and the LLC's taxable income for 2015 and 2016 (after deducting Burgundy's guaranteed payment) is the same (i.e., $80,000 and $90,000, respectively). What is the amount of income from the LLC that Burgundy, Inc., must report for its tax year ending April 30, 2016?

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