Question: Assume the same facts as in Problem 53. Assume that Burgundy, Inc.'s, annual guaranteed payment is increased to $120,000 starting on January 1, 2018, and

Assume the same facts as in Problem 53. Assume that Burgundy, Inc.'s, annual guaranteed payment is increased to $120,000 starting on January 1, 2018, and the LLC's taxable income for 2017 and 2018 (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, 2018?

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