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LLC Net Income and Statement of Members' Equity Intermedia, LLC, has three members: WYXT Partners, Lindsey Wilson, and Daily Sun Newspaper, LLC. On January 1, 2014, the three members had equity of $340,000, $85,000, and $205,000, respectively. WYXT Partners contributed an additional $90,000 to Intermedia, LLC, on June 1, 2014. Lindsey Wilson received an annual salary allowance of $197,200 during 2014. The members' equity accounts are also credited with 12% 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 Intermedia, LLC, for 2014 was $500,000. Amounts equal to the salary and interest allowances were withdrawn by the members. Hide 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 WYXT Partners Daily Sun Newspaper, LLC $ Salary allowance Interest allowance Lindsey Wilson Total $ 197200 197200 $ $ 10200 40800 75600 24600 Remaining income (4:3:3) $ Net income $ $ repare a statement of members' equity for 2014. Intermedia, LLC Statement of Members' Equity For the Year Ended December 31, 2014 WYXT Partners Members' equity, January 1, 2014 $ $ 340000 Additional investment during the year Daily Sun Newspaper, LLC $ $ 85000 205000 90000 $ 430000 Total 630000 90000 $ Net income for the year Lindsey Wilson $ 85000 $ 205000 720000 $ $ Withdrawals during the year Members' equity, December 31, 2014 Hide Feedback $ 207400 $ $ $ 24600 $ $