TAX 496; Spring 2018 Preparation Problem2 Notes: formation below, prepare a 2017 Form 1065 (pages 1-5) along with the accompanying schedule(s) K-1 for both members of the LLC. Parts, LLC is member-managed by both Mrs. Member and Mr. Member. Mrs. & Mr. are both active with regard to Parts, LLC - For an additional resource, see 10-3 and 10-4a of West Federal Taxation: Corporations, Partnerships, Estates, and Trusts For purposes of this assignment, omit section K on schedule(s) K-1 Name: Address: Business Code EIN: Date Business Started: Parts, LLC was required to file and therefore filed all required 1099(s) Parts, LLC uses the accrual method of accounting Parts, LLC 3838 Livernois, Troy, MI 48083 01/01/2000 SSN: 987-65-4321 123-45-6789 Ownership: Guarant 51.00% $ 49.00% $ 100.00% $ Member: eed PmtDistributions 25,500Tax Matters Member 24,500 50,000 120,000 Mrs. Member Mr. Member Total 60,000 180,000 $