3-1) After realization of a portion of the noncash assets of A, B & C LLP, which was being liquidated, the capital account balances were A, $33,000; B, $40,000; and C, $42,000. Cash of $42,000 and other assets with a carrying amount of $78,000 were on hand. Creditors' claims total $5,000. The partners share net income and losses in a 5: 3: 2 ratio. Required: Prepare a working paper to compute the cash payments (totaling $37,000) that may be made to the partners. 3-2) Mazen and Daoud, partners in a consulting business, share profits and losses in the ratio of 3:2, respectively. Prior to recording the admission of sameer as a new partner, Mazen has a capital balance of $80,000, and Daoud has a capital balance of $40,000. Required: For each of the following independent cases, prepare the journal entry that was made to record the admission of Sameer into the partnership. 1. Sameer purchased 20 percent of the respective capital balances of Mazen and Daoud, paying $20,000 cash directly to each of them. 2. Sameer invested $30,000 cash in the partnership for a 20 percent ownership interest. Total capital after recording his admission was $150,000. 3. Sameer invested $40,000 cash into the partnership for a 20 percent ownership interest. Total capital after recording his admission was $160,000. 4. Sameer invested $50,000 into the partnership for a 20 percent interest. Goodwill is to be recognized.