Required information Problem 20-48 (LO 20-2) (Algo) [The following information applies to the questions displayed below.] Connie recently provided legal services to the Winterhaven LLC and received a 5 percent interest in the LLC as compensation. Winterhaven currently has $51,000 of accounts payable and no other liabilities. The current fair market value of Winterhaven's capital is $260,000. (Leave no answer blank. Enter zero if applicable.) Problem 20-48 Part a (Algo) a. If Connie receives a 5 percent capital interest only, how much income must she report and what is her tax basis in the LLC interest? Answer is complete but not entirely correct. Income s 13,000 Tax basis