enytakeAs ssignmentMain.do?invoker assignments&takeAssignmentSessionLocator-assignment-take&inprogress-false Problems eBook Calculator Print item Dividing LLC Income Martin Farley and Ashley Clark formed a limited liability company with an operating agreement that provided a salary allowance of $68,000 and $54,000 t salary allowances. Revenues were $668,000 and expenses were $520,000, for a net income of $148,000. a. Determine the division of $148,000 net income for the year. T.AL. ctively. In addition, the operating agreement specifed an income-sharing ratio of 3:2. The two members withdrew amounts equal to their Schedule of Division of Net Income Farley Clark Total Salary allowance$ Remaining income Net income b. Provide journal entries to close the (1) revenues and expenses and (2) drawing accounts for the two members. For a compound transaction, if an amount box does not require an entry, leave it blank. Chnck My Work 2 more ue1 femaing 45 AM e to search 0420