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Required information [The following infomation applies to the questions displayed belowy] Dave LaCroix recentiy received a 10 percent capital and profits interest in Cique Capifai

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Required information [The following infomation applies to the questions displayed belowy] Dave LaCroix recentiy received a 10 percent capital and profits interest in Cique Capifai LLC in exchange for consulting services he provided. If Cirque Capital had paid an outsider to provide the advice, it would have deducted the payment as compensation expense, Cirque Capitals balance sheet on the day Dave received his capital interest appears befow. 'Assume that Tatsukis bssis and Fober's bosis in their LLC interests equal their tax basis capital occounts plus their respective shares of nontecourse tabilities Note: Leove no answer blank. Enter zero if opplicable. e. Compore each member's tax basis in his LLC interest immediately after Daves receipt of his interest it Dave teceives only a profits interest

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