Statement of LLC Liquidation liquidation and asset realization on August 1 are as follows: \begin{tabular}{lr} Lester & $15,700 \\ Torres & 36,400 \\ Hearst & 22,600 \\ Total & $74,700 \\ \hline \end{tabular} of $8,100. enter "0". Arcadia Sales, LLC Statement of LLC Liquidation For the Period August 1-31 b. Provide the journal entry for the final cash distribution to members. If an amount box does not require an entry, leave it blank. c. What is the role of the income- and loss-sharing ratio in liquidating an LLC? The income- and loss-sharing ratio is only used to on the realization of asset sales. It : used for the final distribution