The statement of members' equity for Bonanza, LLC, follows:

Bonanza, LLC

Statement of Members' Equity

For the Years Ended December 31, 20Y3 and 20Y4

a. What was the income-sharing ratio in 20Y3?
b. What was the income-sharing ratio in 20Y4?
c. How much cash did Thomas Dunn contribute to Bonanza, LLC, for his interest?
d. Why do the member equity accounts of Idaho Properties, LLC, and Silver Streams, LLC, have positive entries for Thomas Dunn's contribution?
e. What percentage interest of Bonanza did Thomas Dunn acquire?
f. Why are withdrawals less than net income?

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Idaho Properties, Member Equity $273,000 57,000 $330,000 Silver Streams, LLC, Member Equity Thonas Dunn, Member Equity LLC, Total Members Members'equity, January 1, 20Y3 Net income Members' equity, December 31, 20Y3 Dunn contribution, January 1, 20Y4 Net income Member withdrawals Members'equity, December 31, 20Y4 Equity 580,000 190,000 770,000 230,000 250,000 $307,000 133,000 440,000 3,000 7,000 $220,000 62,500 137,500 50,000 32,000 (48,000) (40,000_(120,000) $230,000 $1,130,000 363,500 $536,500