Exercise 14-1 (Algorithmic) (LO. 4) Enerico contributes $242,000 cash in exchange for a 40% interest in the calendar year ABC LLC. This year ABC generates $193,600 of ordinary taxable income and has no separately stated items. Enerico withdraws $24,200 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. 0 Feedback Check My Work A partnership is not a taxable entity. Rather, the taxable income or loss of the at the end of the partnership's tax year