how do i find the ordinary income ?

and interest and the end of the year

Amy and Mitchell share equally in the profits, losses, and capital of the accrual basis AM Products LLC. The LLC does not need to report financial information to any third parties, so capital accounts are determined using tax rules (rather than GAAP). Amy is a managing member of the LLC (treated as a general partner) and is a U.S. person. At the beginning of the current tax year, Amy's capital account has a balance of $524,000, and the LLC has debts of $340,600 payable to unrelated parties. The debts are recourse to the LLC, but neither of the LC members has personally guaranteed them. Assume that all LLC debt is shared equally between the partners. The following information about AM's operations for the current year is obtained from the LLC's records. $786,000 200,000 300,000 7,860 5,240 Operating income W-2 wages Depreciation expense Interest Income Long term capital loss Long-term capital gain Charitable contribution (cash) Cash distribution to Amy Unadjusted basis of partnership depreciable property immediately after acquisition 15,720 7,910 39,300 1,600,000 * Operating income equals revenue less operating expenses (other than expenses listed separately above). Year-end Lc debt payable to unrelated parties is $238,120. Assume that all transactions are reflected in Amy's beginning capital and basis in the same manner. Also assume that all AM Products' activities are eligible for the qualified business income deduction. a. Calculate Amy's basis in her LLC interest at the beginning and end of the tax year. Use her capital account as a starting point. LLC Interest at the beginning of the year: 5 694,300 LLC Interest at the end of the year: $ Feedback b. What income, gains, losses, and deductions does Anvy report on her income tax return? Tf an amount is zero, enter"0". Ordinary income 286,000 X Net long-term capital gain 5,240 Interest income 3,930 Charitable contribution deduction 3,955 Cash distribution 0