! Required information [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 $35,000 of accounts payable and no other debt. The current fair market value of Winterhaven's capital is $300,000. (Leave no answer blank. Enter zero if applicable.) b. If Connie receives a 5 percent profits interest only, how much income must she report and what is her tax basis in the LLC interest? Income Tax basis