Amy and Mitchell share equally (50%) in the profits, losses, and capital of the accrual basis AM Products LLC. The LLC does not need to report financial information to any third parties, so capital accounts are determined using tax rules (rather than GAAP). Amy is a managing member of the LLC (treated as a general partner) and is a U.S. person. At the beginning of the current tax year, Amy's capital account has a balance of $568,000, and the LLC has debts of $369,200 payable to unrelated parties. All debts are recourse to the LLC, but neither of the LLC members has personally guaranteed them. The following information about AM's operations for the current year is obtained from the LLC's records. Operating income* $852,000 W-2 wages 200,000 Depreciation expense 300,000 Interest income 8,520 Long-term capital loss 5,680 Long-term capital gain 17,040 Charitable contribution (cash) 8,570 Cash distribution to Amy 42,600 Unadjusted basis of partnership property immediately after acquisition 1,600,000 * Operating income equals revenue less operating expenses (other than expenses listed separately above). Year-end LLC debt payable to unrelated parties is $258,440. Assume that all transactions are reflected in Amy's beginning capital and basis in the same manner. Also assume that all AM Products' activities are eligible for the qualified business income deduction. d. Prepare Amy's tax basis capital account rollforward from the beginning to the end of the tax year. How does her ending capital account differ from her ending tax basis in the LLC interest as calculated in part (a)? Capital account balance, beginning 568,000 year Ordinary income 426,000 X Interest income 4,260 Net long-term capital gain 5,680 435,940 X 1,003,940 X Less: Charitable contribution 4,285 Cash distribution to Amy 42,600 46,885 Capital account balance, end of $ 957,055 year Amy's capital account differs from her basis only by the amount of her share of LLC liabilities X