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Part a , please see part b Martin Farley and Ashley Clark formed a limited liability company with an operating agreement that provided a salary

image text in transcribedPart a , please see part b
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Martin Farley and Ashley Clark formed a limited liability company with an operating agreement that provided a salary allowance of $61,000 and $49,000 to each member respectively. In addition, the operating agreement specified an income-sharing ratio of 3:2. The two members withdrew amounts equal to their salary allowances. Revenues Schedule of Division of Net Income a. Set

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