estion 3 tyet swered The year-end balance sheet and residual profit and loss sharing percentages for the Lamis, Mays, and Nawal partnership on December 31, 2005, are as follows: arked out of Assets Cash Flag estion Liabilities and Equity $ 30,000 Accounts Payable $ 200,000 480,000 Lamis Capital 30,000 (25%) Other Assets 130,000 Mays Capital (25%) Nawal Capital (50%) 150,000 Total $ 510,000 Total $ 510,000 The partners agree to liquidate the business and distribute cash when it becomes available. A cash distribution plan for the Lamis, Mays, and Nawal partnership will show that cash available, after outside creditors are paid, will initially go to a. Nawal in the amount of $90,000. Ob. Lamis in the amount of $20,000. c. Mays in the amount of $55,000. d. Mays in the amount of $45,000