The statement of members' equity for Bonanza, LLC, is shown below.

a. What was the income-sharing ratio in 2014?
b. What was the income-sharing ratio in 2015?
c. How much cash did Thomas Dunn contribute to Bonanza, LLC, for his interest?
d. Why do the member equity accounts of Idaho Properties, LLC, and Silver Streams,
LLC, have positive entries for Thomas Dunn's contribution?
e. What percentage interest of Bonanza did Thomas Dunn acquire?
f. Why are withdrawals less than net income?

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Bonanza, LLC Statement of Members' Equity For the Years Ended December 31, 2014 and 2015 Properties, Streams, Dunn, Members Equity 580,000 190,000 770,000 230,000 250,000 (120,000) Equity $307,000 133,000 Equity Members' equity, January 1, 2014 Net income Members'equity, December 31, 2014 $330,000 Dunn contribution, January 1, 2015 Net income Less member withdrawals Members' equity, December 31, 2015 $363,500 $273,000 7,000 $220,000 50,000 (40,000) $230,000 3,000 137,500 (48,000) $536,500 (32,000) ,130,000