.com/ilm/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionlocator-assignment-take&inprogress-false gThe Payroll Register Of x oblems eBook Calculator Print Itenm LLC Net Income and Statement of Members Equity Marvel Media, LLC, has three members: WLKT Partners, Madison Sanders, and Observer Newspaper. LLC. On lanuary 1, 20%2, the three members had equity of $330,000, $85,000, and $200,000, respectively. WLKT Partners contributed an additional $80,000 to Marvel, Media, LLC, on june 1, 20Y2. Madison anders received an annual salary allowance of $191,400 during 20Y2. The members' equity accounts are also credited with 12% interest on each member's Danuary 1 capital balance. Any remaining income is to be shared in the ratio of 4:3:3 among the three members. The revenues, expenses, and net income for Marvel Media, LLC, for 2012 were $938,053$448,053 and S490,000 respectivel the members. v. Amounts equal to the salary and interest allowances were withdrawn by a. Determine the division of income among the three members. If an amount box does not require an entry, leave it blank. Schedule of Division of Income WLKI Partners Madison Sanders Observer Newspaper, LLC Total Salary allowance interest allowarice Remaining income (4:3:3 Net income b. Prepare the journal entries to close the (1) net income ard (2) switndrawals to the individual member equilty accounts. For a compound entry if an amount box does not require an entry, leave it blank Check My Work 2 more cneck My Work uses remaning 47 AM 1400 to