When high horizon llc was formed, maude contributed the following assets in exchange for a 25 percent capital and profits interest in the llc: basis fair market value maude: cash $ 37,500 $ 37,500 land* 119,000 396,250 totals $ 156,500 $ 433,750 *nonrecourse debt secured by the land equals $184,500 james, harold, and jenny each contributed $249,250 in cash for a 25 percent profits and capital interest. (leave no answer blank. enter zero if applicable.) e. prepare a tax basis balance sheet for the high horizon llc showing the tax capital accounts for the members.

Juanita and sam attend a beach party and notice that the local beach appears to have a great deal more trash washed up on shore than it did when they were young. the water doesn't appear nearly as clear, and there seems to be less evidence of small water creatures living in the shallows. an afternoon at the local library convinces them that one major cause is the new factory nearby. after some discussion, they decide their next step should be identifying the cause of the changes identifying the problem picketing the guilty factory lobbying their elected representatives to complain about the problem talking to a local environmental group about solutions