Check my work 8 Required information [The following information applies to the questions displayed below.] 10 points Skipped Dave LaCroix recently received a 10 percent capital and profits interest in Cirque Capital LLC in exchange for consulting services he provided. If Cirque Capital had paid an outsider to provide the advice, it would have deducted the payment as compensation expense. Cirque Capital's balance sheet on the day Dave received his capital interest appears below: eBook Fair Market Value Basis Print $ 150,000 200,000 150,000 $ 500,000 $ 150,000 700,000 250,000 $ 1,100,000 Assets: Cash Investments Land Land an Totals Liabilities and capital: Non recourse liabilities Lance* Robert* Totals References $ 100,000 200,000 200,000 $ 500,000 $ 100,000 500,000 500,000 $ 1,100,000 *Assume that Lance's basis and Robert's basis in their LLC interests equal their tax basis capital accounts plus their respective shares of nonrecourse liabilities. (Leave no answer blank. Enter zero if applicable.) e. Compute each member's tax basis in his LLC interest immediately after Dave's receipt of his interest if Dave receives only a profits interest. Dave Lance Robert Tax basis