3. Samer and Basem decide to organize the SB partnership. Samer invests $15,000 cash, and Basem contributes $10,000 cash and equipment having a book value of $3,500 and it has a fair value of $5,000. The entry for Basem's investment in the partnership is: 4. SET Co. reports net income of $55,000. Partner salary allowances are Salem $15,000, Fareed $5,000, and Tahseen $5,000. Assuming the income ratio is 50: 30:20 respectively, the total division of net income to the partner Fareed is, 5. Beta Co. capital balances are: A $30.000. B $25,000, and G $20.000. The partners share income equally. R is admitted to the firm by purchasing one-half of A's interest for $20.000. The admission entry of R to the partnership is: 6. In CL Co., capital balances are C $40,000 and L $50,000. The partners share income equally. M is admitted to the firm with a 55% interest by an investment of cash of $80.000. the admission entry of S is