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Exercise 14-1 (Algorithmic) (LO, 4) Enerico contributes $228,800 cash in exchange for a 40% interest in the calendar year ABC LLC. This year ABC generates

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Exercise 14-1 (Algorithmic) (LO, 4) Enerico contributes $228,800 cash in exchange for a 40% interest in the calendar year ABC LLC. This year ABC generates $183,040 of ordinary taxable income and has no separately stated items. Enerico withdraws $22,880 cash from the partnership at the end of the tax year. If an amount is zero, enter " 0 ". a. Compute Enerico's gross income from ABC's ordinary income for the tax year. b. Compute Enerico's gross income from the LLC's cash distribution

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