8.9 Sunny Days LLC, a limited liability company taxed as apartnership, is a successful manufacturer of beach umbrellas. Its members, Dom, Tom and Rahm, al have equal, one-third interests. The partnership was formed with cash contributions several years ago and currently has the following balance sheet, expanded ot show asset values: Cash Receivables Inventory Depreciable equipment (accumulated depreciation $120,000) Building (accumulated depreciation $75,000) Assets Tax Book FMV $ 15,000 $ 15,000 $ 15,000 | Recourse Liabilities Tax $300,000 Book $300,000 48,000 60,000 60,000 126,000 300,000 300,000 150,000 321,000 321,000 447,000 Total Liabilities Total Assets $696,000 $696,000 $786,000 and Capital $696,000 $696,000 Dom Tom Rahm Capital 132,000 132,000 132,000 132,000 132,000 132,000