EXERCISE 12-8 Dividing LLC net income and statement of members' equity Media Properties, LLC, has three members: KXT Radio Partners, Rachel Sizemore, and Daily Sun Newspaper, LLC. On January 1, 2008, the three members had equity of $240,000, $40,000, and $160,000, respectively. KXT Radio Partners contributed an additional $50,000 to Media Properties, LLC, on June 1, 2008. Rachel Sizemore received an annual salary allowance of $139,800 during 2008. The members' equity accounts are also credited with 8% interest on each member's January 1 capital balance. Any remaining income is to be shared in the ratio of 4:3:3 among the three members. The net income for Media Properties, LLC, for 2008 was $570,000. The salary and interest allowances were distributed to the members.

a. Determine the division of income among the three members. If an amount is zero, enter in "0".

KXT Radio Partners		Rachel Sizemore		Daily Sun Newspaper, LLC		Total
Salary allowance	$		$		$		$
Interest allowance	$		$		$		$
Remaining income	$		$		$		$
Net Income	$		$		$		$