Problem 10-44 (Algorithmic) (LO. 7, 9, 10) Amy and Mitchell share equally in the profits, losses, and capital of the accrual basis AM Products LLC. Amy is a managing member of the LLC (treated as a general partner) and is a U.S. person. At the beginning of the current tax year, Amy's capital account has a balance of $964,000, and the LLC has debts of $626,600 payable to unrelated parties. The debts are recourse to the LLC, but neither of the LLC members has personally guaranteed them. Assume that all LLC debt is shared equally between the partners. The following information about AM's operations for the current year is obtained from the LLC's records Ordinary income $1,253,200 12,532 Interest income Short-term capital loss 2,506 7,518 Long-term capital gain Charitable contribution Cash distribution to Amy 12,582 62,660 Year-end LLC debt payable to unrelated parties is $438,620. If all transactions are reflected in her beginning capital and basis in the same manner, what is Amy's basis in her LLC interest: a. Amy's basis in the LLC interest at the beginning of the year is $ Feedback b. Amy's basis in the LLC interest at the end of the year is $ Feedback Check My Work