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$(1)$ Revenues $$

Expenses $$

WLKT Partners, Member Equity $$

Madison Sanders, Member Equity $vv$

Observer Newspaper, LLC$,$ Member Equity $vv$

$(2)$ WLKT Partners, Member Equity $v$

Madison Sanders, Member Equity $$

Observer Newspaper. LLC$.$ Member Equity $v$

WLKT Partners, Drawing $*$

Madison Sanders, Drawing $$

Observer Newspaper. LLC$.$ Drawing $vv$

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c$.$ Prepare a statement of members' equity for $20$Y$2.$ If an amount box does not require an entry, leave it blank.

Marvel Media, LLC

Statement of Members' Equity

For the Year Ended December $31,20Y21112212$a$.$ Determine the division of income among the three members. If an amount box does not require an entry, leave it blank.

Schedule of Division of Income

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a$.$ Sat up a column for esch member and a total column. Allacate salary allowances, then distribute the remaining income based an the income sharing agreement.

b$.$ Prepare the journal entries to clase the $(1)$ net income and $(2)$ withdrawals to the individual member equity accounts. For a compound entry, if an amount box does not require an entry, lesve it blank.

$(1)$ Revenues $$

$(2)$

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b$.$ Close revenues and expenses to the member equity accounts. Clase the drawing sccounts to the respective equity accounts.

c$.$ Prepare a statement of members' equity for $20$Y$2.$ If an amount box does not require an entry, leave it blank.

M$$rvel Medi$,$ LLC

Statement of Members' Equity the Year Ended December $31,20$Y