Problem 14-16 (a) (LO. 4, 5)

Noi and Tu share equally in the profits, losses, and capital of the accrual basis NT Products LLC. Noi is the managing member of the LLC (treated as a general partner) and is a U.S. citizen. At the beginning of the current tax year, Noi's capital account has a balance of $427,000, and the LLC has recourse debts of $118,000 payable to unrelated parties. All partnership recourse debt is shared equally between the partners. The following information about NT's operations for the current year is obtained from the entity's records:

Ordinary income	$562,000
Dividend income	8,000
Long-term capital loss	18,000
Long-term capital gain	22,000
Charitable contribution	4,000
Cash distribution to Noi	11,000

Year-end LLC debt payable to unrelated parties is $80,000. If all transactions are reflected in her beginning capital and basis in the same manner:

a. Noi's basis in the LLC interest at the beginning of the year is $

b. Noi's basis in the LLC interest at the end of the current year is $