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: Assets: Cash Land Investments Basis $ 160,000 290,000 100,000 Totals $ 550,000 Liabilities and capital: Nonrecourse liabilities Lance* Robert* $ 180,000 185,000 185,000 Fair Market Value $ 160,000 314,000 200,000 $ 674,000 $ 180,000 247,000 247,000 Totals $ 550,000 $ 674,000 *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.) c. Prepare a balance sheet for Cirque Capital immediately after Dave's admission showing the members' tax capital accounts and their capital accounts stated at fair market value. Assets: Cash Investments Land Totals Capital: Nonrecourse Debt Capital-Lance Capital-Robert Capital-Dave Totals Cirque, LLC Balance Sheet Tax Basis 704(b)/FMV