Martin Farley and Ashley Clark formed a limited liability company with an operating agreement that provided a salary allowance of $40,000 and $30,000 to each member respectively. In addition, the operating agreement specified an income-sharing ratio of respectively. In addition, the operating agreement specified an income sharing ratio of 3:2. The two members withdrew amounts equal to their salary allowances. a) Determine the division of $148,000 net income for the year. b) Provide journal entries to close the (1) income summary and (2) drawing accounts for the two members. c) If the net income were less than the sum of the salary allowances, how would income be divided between the two members of the LLC?