hall lang and das are members of evergreen sales, llc. sharing income and losses in the ratio of 2:2:1, respectively. the members decide to liquidate the limited liability company. the members equity prior to liquidation and asset realization on mat 1, 2012 are as follows

hall: 37,000

lang: 40,000

das 18,000

total : 95,000

in winding up operations during the month of may, noncash assets with a book value of $107,000 are sold for $123,000 and liabilities of $25,000 are satisfied. prior to realization, evergreen sales has a cash balance of $13,000.

a. prepare a statement of llc liquidation

b. provide the journal entry for the final cash distribution to members.

c. what is the role of the income and loss sharing ratio in liquadating an llc?