Member P has an outside basis in his interest in Bing LLC of $10,000 and in 2007, the flowing transactions take place: - $25,000 in LLC taxable income is allocated to him; - $2,000 in LLC tax-exempt is allocated to him; - His share of increased LLC liabilities is $5,000; - $24,000 is distributed to him by the LLC. - His share of decreased LLC liabilities is $4.000. a. What is Member D's basis at the end of 2009? b. Explain your answer to Dert a