Marvel Media, LLC$,$ has three members: WLKT Partners, Madison Sanders, and Observer Newspaper, LLC$.$ On January $1,20$Y$2,$ the three members had equity of $$200,000,$$$37,400,$ and $$163,500,$ respectively. WLKT Partners contributed an additional $$48,100$ to Marvel Media, LLC$,$ on June $1,20$ Y$2.$ Madison Sanders received an annual salary allowance of $$59,700$ during $20Y.$ The members' equity accounts are also credited with $10\%$ interest on each member's January $1$ capital balance. Any remaining income is to be shared in the ratio of $4$:$3$:$3$ among the three members. members. The revenues, expenses, and net income for Marvel Media, LLC$,$ for $20Y2$ were $$1,263,600,891,900$ and $$371,700$ respectively. Amounts equal to the salary and interest allowances were withdrahn by the members.

Required:

A$.$ Determine the division 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 account titles.

C$.$ Prepare a statement of members' equity for $20Y2.$

D$.$ What are the advantages of an income$-$sharing agreement for the members of this LLC$?$