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Aya, Sandra and Alaa, the partners in ASA Company, have capital balances on January 1, 2020 of $250,000. $110.000 and $90.000 respectively. On December 31,

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Aya, Sandra and Alaa, the partners in ASA Company, have capital balances on January 1, 2020 of $250,000. $110.000 and $90.000 respectively. On December 31, 2020 the net income of ASA Company is $61.000. The partnership income-sharing agreement indicates that: o Salary allowance of $20,000 to Aya, $15,000 to Sandra and $11,000 to Alaa. o Interest allowance of 10% on capital balances for all partners at the beginning of the year The remaining income or loss is shared equally between partners. Total interest allowance is: O $45,000 O $25,000 $15,000 O $6,000 O None of the above Total Salaries and Interest for Sandra is: O $26,000 O $15,000 O $4,000 $0 None of the above Division of Net Income to Aya is: $55,000 $45,000 O $35,000 $0 O None of the above

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