Dave LaCroix recently received a 10 percent capital and profits interest in Cirque Capital LLC in exchange for consulting services he provided. If Cirque Capital had paid an outsider to provide the advice, it would have deducted the payment as compensation expense. Cirque Capital's balance sheet on the day Dave received his capital interest appears below: Assets: Cash Investments Land Totals Liabilities and capital: Nonrecourse liabilities Tatsuki* Robert Totals Basis $ 180,000 130,000 230,000 $ 540,000 $ 210,000 165,000 165,000 $ 540,000 Fair Market Value $ 180,000 157,000 420,000 $ 757,000 $ 210,000 273,500 273,500 $757,000 *Assume that Tatsuki's basis and Robert's basis in their LLC interests equal their tax basis capital accounts plus their respective shares of nonrecourse liabilities. Note: Leave no answer blank. Enter zero If applicable. Prepare a balance sheet for Cirque Capital immediately after Dave's admission showing the members' tax capital accounts and their pital accounts stated at fair market value.

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