Marvel Media , LLC , has three memben WIKT Partners , Madison Sanders , and observer EX 12-8 567 OBS.2.5 Chapter 12 Accounting for Partnerships and Limited Listiny Companies LLC net income and statement of members' equity and $160,000, respectively. WIKT Partners Contributed an additional $50,000 to Mare Media, LLC, on June 1, 2014. Madison Sanders received an annual salary allowancere on each member's January 11 capital balance. Any remaining income is to be shared, sot 2014 was $360,000. Amounts equal to the salary and interest allowances were withdrawn by the members. Determine the division of income among the three members. b. Prepare the journal entry to close the net income and withdrawals to the individual member equity accounts. c. Prepare a statement of members' equity for 2014. d. What are the advantages of an income-sharing agreement for the members of this LLC