PROBLEM 5-PARTNERSHIP (FORM 1065) Ryan Ross (111-11-1112), Oscar Omega (222-22-2222), Clark Carey (333-33-3333), and Kim Kardigan (444-44-4444) are equal active members in ROCK the Ages LIC. ROCK serves as agents and managers for prominent musicians in the Los Angeles area. The LLC's Federal ID number is 55-5555555. It uses the cash basis and the calendar year and began operations on January 1, 2004. Its current address is 6102 Wilshire Boulevarc, Suite 2100, Los Angeles, CA 90036. ROCK was the force behind such music icons as Rhiannon, Burgundy Six, Elena Gomez, Tyler Quick, the Moonwalkers, and Conjuring Dragons and has had a very profitable year. The following information was taken fronm the LLC's income statement for the current year. Revenues WARE Fees and commissions Taxable interest income from bank deposits Tax-exempt interest Net gain on stock sales $4,800,000 1,600 3,200 4,000 $4,808,800 Total revenues PROBLEM 5-PARTNERSHIP (FORM 1065) Ryan Ross (111-11-1112), Oscar Omega (222-22-2222), Clark Carey (333-33-3333), and Kim Kardigan (444-44-4444) are equal active members in ROCK the Ages LIC. ROCK serves as agents and managers for prominent musicians in the Los Angeles area. The LLC's Federal ID number is 55-5555555. It uses the cash basis and the calendar year and began operations on January 1, 2004. Its current address is 6102 Wilshire Boulevarc, Suite 2100, Los Angeles, CA 90036. ROCK was the force behind such music icons as Rhiannon, Burgundy Six, Elena Gomez, Tyler Quick, the Moonwalkers, and Conjuring Dragons and has had a very profitable year. The following information was taken fronm the LLC's income statement for the current year. Revenues WARE Fees and commissions Taxable interest income from bank deposits Tax-exempt interest Net gain on stock sales $4,800,000 1,600 3,200 4,000 $4,808,800 Total revenues