Question: Peter, Paul and Mary own 4 0 % , 4 0 % and 2 0 % of Brookfield Properties LLC . In

Peter, Paul and Mary own 40\%,40\% and 20\% of Brookfield Properties LLC. In 2024, Mary has the sole authority to contract for the LLC and works 1,000 hours per year in the business. Paul works 1,000 hours per year in the cafe owned by the LLC. After transferring his land to the LLC, Peter has generally not involved in the LLC's operations. The LLC uses capital contributed by Peter and Paul (\(\$ 2\) million each in year 1). Mary and Paul both receive guaranteed payments of \(\$ 5,000\) per month for services to the LLC. In addition, Paul and Peter both receive guaranteed payments of \$5,000 per month for the LLC's use of their capital. Determine the following amounts for 2024-(1) the total amount of guaranteed payments for Paul' services and (2) the total amount of guaranteed payments for the LLC's use of Peter's capital. (40 Points)
(1)\(\$ 60,000\)
(2)\$120,000
(1)\(\$ 120,000\)
(2)\(\$ 60,000\)
(1)\(\$ 120,000\)
(2)\(\$ 120,000\)
(1)\(\$ 60,000\)
(1)\(\$ 60,000\)
Peter, Paul and Mary own 4 0 \ % , 4 0 \ % and 2

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