Drew has significant experience developing real estate. After the LLC is formed, he will prepare a plan for developing the property and secure zoning approvals for the LLC. Drew would normally bill a third party $50,000 for these efforts. Drew also will contribute $150,000 cash in exchange for his 50% interest in the LLC. The value of his 50% interest is $200,000. Critical Thinking a. Use Microsoft Excel to construct a balance sheet for SD LLC assuming that Drew's services are completed immediately after forming SD. The balance sheet should show two numeric columns, including the LLC's basis in assets and the fair market value of these assets. b. Outline any planning opportunities that may minimize current taxation to any of the parties. Drew has significant experience developing real estate. After the LLC is formed, he will prepare a plan for developing the property and secure zoning approvals for the LLC. Drew would normally bill a third party $50,000 for these efforts. Drew also will contribute $150,000 cash in exchange for his 50% interest in the LLC. The value of his 50% interest is $200,000. Critical Thinking a. Use Microsoft Excel to construct a balance sheet for SD LLC assuming that Drew's services are completed immediately after forming SD. The balance sheet should show two numeric columns, including the LLC's basis in assets and the fair market value of these assets. b. Outline any planning opportunities that may minimize current taxation to any of the parties