LLC net income and statement of members' equity

Interactive Media, LLC$,$ has three members: VC Partners, Colin Campella, and Active Graphics, LLC$.$ On January $1,20Y2,$ the three members had equity of $$400,000,$$$125,000,$ and $$175,000,$ respectively. VC Partners contributed an additional $$75,000$ to Interactive Media, LLC$,$ on June $1,20Y.$ Colin Campella received an annual salary allowance of $$90,000$ during $20Y2.$ The members' equity accounts are also credited with $10\%$ interest on each member's January $1$ capital balance. Any remaining income is to be shared in the ratio of $4$:$3$:$3$ among the three members. The revenues, expenses, and net income for Interactive Media, LLC$,$ for $20Y2$ were $$2,340,000,$$$1,820,000,$ and $$520,000,$ respectively. Amounts equal to the salary and interest allowances were withdrawn by the members.

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

$\backslash$table$[[$Line Item Description,VC Partners Colin Campella Active Graphics, LLC Total,,$],[$Salary allowance,,,$],[$Interest $$llowance$,,,],[$Remaining income $(4$:$3$:$3),$$$,,],[$Net income,$$,$$$,]]$

b$.$ Journalize the entry to close the revenues and expenses to the member equity accounts. If an amount box