Amy and Mitchell share equally in the profits, losses, and capital of the accrual basis AM Products LLC. 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 $300,000, and the LLC has debts of $200,000 payable to unrelated parties. The debts are recourse to the LLC, but neither of the LLC members has personally guaranteed them. Assume that all LLC debt is shared equally between the partners. The following information about AM's operations for the current year is obtained from the LLC's records. $400,000 4,000 Ordinary income Interest income Short-term capital loss Long-term capital gain Charitable contribution 6,000 12,000 4,000 20,000 Cash distribution to Amy Year-end LLC debt payable to unrelated parties is $140,000. If all transactions are reflected in her beginning capital and basis in the same manner. Prepare Amy's capital account rollforward from the beginning to the end of the tax year. Capital account balance, beginning year Ordinary income Interest income Long-term capital gain Less: Short-term capital loss Charitable contribution Cash distribution to Amy Capital account balance, end of year