Dividing LLC Income

Martin Farley and Ashley Clark formed a limited liability company with an operating agreement that provided a salary allowance of $$40,000$ and $$30,000$ to each member, respectively. In addition, the operating agreement specified an income$-$sharing ratio of $3$:$2.$ The two members withdrew amounts equal to their salary allowances. Revenues were $$668,000$ and expenses were $$520,000,$ for a net income of $$148,000.$