=+EX 12-17 Withdrawal of partner obj. 3 564 Chapter 12 Accounting for Partnerships and Limited Liability Companies The statement of members’ equity for Yellow Mountain Mines, LLC, is shown below.

Yellow Mountain Mines, LLC Statement of Members’ Equity For the Years Ended December 31, 2010 and 2011 Nevada Star Properties, Holdings, Randy LLC, LLC, Reed, Total Member Member Member Members’

Equity Equity Equity Equity Members’ equity, January 1, 2010 $450,000 $310,000 $ 760,000 Net income 90,000 210,000 300,000 ________ ________ __________ Members’ equity, December 31, 2010 $540,000 $520,000 $1,060,000 Reed contribution 6,000 14,000 $270,000 290,000 Net income 100,000 220,000 80,000 400,000 Less member withdrawals (32,000) (48,000) (50,000) (130,000) ________ ________ _________ __________ Members’ equity, December 31, 2011 $614,000 $706,000 $300,000 $1,620,000 ________ ________ _________ ________ ________ _________ __________ __________