Marcus and Madison are equal members of an LLC. On January 1 of the current year, to acquire a one-third interest in the entity, Nora contributed a parcel of land she had held for investment. (At this time, the entity was renamed MMN, LLC.) Nora had purchased the land for $120,000; its fair market value was $90,000 at the contribution date. A few years later, the LLC sells Nora's land for $84,000. At the beginning of that year, Nora's tax basis capital account was $200,000 and Marcus and Madison's tax basis capital accounts were $170,000. What is the LLC's recognized gain or loss? How is it allocated among the LLC members? Use Microsoft Excel to prepare schedules that compute the partners' tax basis capital accounts immediately after the sale. Use variables to input the amount allocated to each LLC member and the total not specially allocated