At the beginning of the year partners Naif and Salim have capital balances in a partnership of OMR50,000 and OMR75,000 respectively. They agree to share profits and losses as follows: Naif Salim As salaries OMR 25,000 OMR 27,500 As interest on capital at the beginning of the year 10% 10% Remaining profits or losses 50% 50% Required: If income for the year was OMR 125,000, what will be the distribution of income to Salim (in OMR)? O a. 62,500 O b. 35,000 C. 60,000 O d. 65,000 A partnership begins its first year with the following capital balances (in OMR): Partner A, Capital - 50,000; Partner B, Capital - 60,000, Partner C, Capital - 70,000 The articles of the Partnership Agreement stipulate that income and losses be assigned in the following manner. 1. Each partner is allocated interest equal to 5 percent of the beginning capital balance. 2. Partner A is allocated compensation of OMR 18,000 per year 3. Any remaining income and losses are allocated on a 33:4 basis, respectively. Required: Assuming that the net income is OMR 60,000, what is the total amount of cash distribution to Partner Bat the end of that year? O a 18,000 O b. 20,400 O c. 12,900 O d. 16,700