a. Determine the division of $148,000 net income for the year. Schedule of Division of Net Income c. If the net income was less than the sum of the salary allowances, how would income be divided between the two members of the LLC? If the net income of the LLC was less than the sum of the salary allowances, members would still be credited with their salary allowances. The difference between the net income and total salary allowances would be allocated to each partner as , according to the ratio