Question: Exploit Media, LLC, has three members: WACS Partners, Elyse OReilly, and Encounter Newspaper, LLC. On January 1, 20Y2, the three members had equity of $217,500,

Exploit Media, LLC, has three members: WACS Partners, Elyse OReilly, and Encounter Newspaper, LLC. On January 1, 20Y2, the three members had equity of $217,500, $40,300, and $167,700, respectively. WACS Partners contributed an additional $53,800 to Exploit Media, LLC, on June 1, 20Y2. Elyse OReilly received an annual salary allowance of $56,900 during 20Y2. The members equity accounts are also credited with 10% interest on each members January 1 capital balance. Any remaining income is to be shared in the ratio of 4:3:3 among the three members. The revenues, expenses, and net income for Exploit Media, LLC, for 20Y2 were $1,235,800, 886,700 and $349,100 respectively. Amounts equal to the salary and interest allowances were withdrawn by the members. Requir

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