Instructions Chart of Accounts Schedule of Division of Income Journal Statement of Members' Equity Final Question Instruccions Marvel Media, LLC, has three members WLKT Partners, Madison Sanders, and Observer Newspaper LLC on January 1, 2012, the three members had equity of $196,600,539,100 and 5166.000, respectively WLKT Partners contributed an additional $53,300 to Marvel Media, LLC, on June 1.2042 Madison Sanders received an annual salary allowance of $55,100 during 20Y2 The members' equity accounts are also credited with 20% interest on each member's January 1 capital balance. Any remaining income is to be shared in the ratio of 433 among the three members members. The revenues, expenses, and net income for Marvel Media, LLC for 20Y2 were 51,243,100,854,900 and $.388,200 respectively. Amounts equal to the salary and interest allowances were withdrawn by the members Required: A Determine Medion of income among the three members B. Prepare the journal entries to close the net income and withdrawals to the individual member equity accounts Refer to the Chart of Accounts for exact wording of accounts C. Prepare a statement of members equity for 2012 D. What are me advantages of an income shanng agreement for the members of this LLC