Ryan Ross (111-11-1111), Oscar Oleader (222-22-2222), Clark Carey (333-33-3333), and Kim Kardigan (444-44-4444) are equal members in ROCK of Ages,…


Ryan Ross (111-11-1111), Oscar Oleader (222-22-2222), Clark Carey (333-33-3333), and Kim Kardigan (444-44-4444) are resembling constituents in ROCK of Ages, LLC. ROCK serves as agents and managers for protuberant voicelessnessians in the Los Angeles area. The LLC's Federal ID estimate is 55-5555555. It uses the coin premise and the pattern year and began operations on January 1, 2001. Its general address is 6102 Wilshire Boulevard, Suite 2100, Los Angeles, CA 90036. ROCK was the nerve subsequently such voicelessness icons as Rhiannon and Burgundy 5 and has had a very productive year. The forthcoming instruction was charmed from the LLC's pay declaration for the general year:Revenues:$4800000$1600$3200$4000$4808800Expenses:$380,000$28000$20000$1000000$800000$600000$200000$320000$132000$80000$10000$52000$200000$92000$54800$3968800During the gone-by foreigner of years, ROCK has charmed custom of benefit slander and minority 179 exhaustion and amply emended the ground and upgraded its leasehold improvements. This year, ROCK expanded up its emend delay the acquisition of @20,000 of appointment furniture for which it succeed pretension as minority 179 inference. (For frankness, appropriate that ROCK uses the similar consume re-establishment methods for twain tax and financial purposes.) there is no slander settlement for choice partiality tax purposes.ROCK invests abundant of its increase coin in non-dividend-paying enlargement funds and tax-exempt securities. During the year, the LLC sold two securities. On June 15, 2012, ROCK acquisitiond 1000 shares of Tech, Inc. fund for $100,000; it sold those shares on Dec. 15, 2012, for $80,000. On March 15, 2006, ROCK acquisitiond 2000 shares of BioLabs, Inc. fund for $136,000; it sold those shares for $160,000 on Dec. 15, 2012.Net pay per books is $840,000. The firm's activities do not institute "qualified genesis activities" for purposes of the minority 199 inference. On Jan. 1, 2012, the constituents' consummate accounts resemblinged $200,000 each. No joined consummate contributions were made in 2012. In individualization to their guaranteed payments, each constituent delaydrew $250,000 coin during the year. The LLC's pit quibble as of Dec. 31,2012, is as follows:??120,000300,000980,000(980,000)??160,000200,000 ??Capital, Oleander: 200,000 ??Capital, Carey: 200,000 ??200,000 ????Assume that all score is shared resemblingly by the constituents. Each constituent has personally guaranteed the score of the LLC.The calling mode for "Agents and Managers for Artists, Athletes, Entertainers, and Other open figures" is 711410. The LLC's Produce 1065 was opportune by Ryan Ross and sent to Ogden, UT IRS Service Center. All constituents are locomotive in LLC operations. a. Prepare produce 1065 for ROCK of Ages, LLC.b. Prepare Produce 4562 and Schedule D.c. Prepare Schedule K-1 for Ryan Ross, 15520 W. Earlson Street, Pacific Palisades, CA 90272