Question 2: [10 marks) The following balances were taken from adjusted trial balance (partial trial balance) at 31/12/2019: Sales revenue 130000 Revaluation surplus 1500 Freight out 4700 Unearned revenue 3500 Sales returns and allowances 10000 Building held for investment 25000 Loss on division disposal 3000 land 20000 cash 20000 Cost of goods sold 65000 Building-held for use in Interest expense 5000 operation 75000 capital 14000 Salaries expenses 6000 Accumulated depreciation-building 7500 Retained earning 45000 Dividends revenue 2000 Loss on litigation 1000 Depreciation exp-building 2500 Bad debt expense 400 Additional information: 1-30% of the building is occupied by the sales department 2- applicable tax rate = 10% 3-50% of salary expense is for sales department 4- ordinary shares outstanding for 2019 total 100,000 shares Required: prepare statement of comprehensive income for 2019- use one statement approach. (use table at page 4 to prepare the statement) prepare non-current assets section at statement of financial position at 31/12/2019. I Question #1 (5 Marks) a) Khaldun, Khaled, and Kamal are partners in a firm. Partners' capital during 2020 show the following: Khaldun Khaled Kamal Capital, January 1,2020 30000 40000 45000 Add: Additional investment 1/4/2020 6000 6000 Less: Deduction 1/5/2020 6000 Add: Additional investment 1/7/2020 4000 7000 Less: Deduction 1/10/2020 10000 Capital, December 31,2020 36000 50000 36000 During 2018, the partnership earned net income $70000. Khaled's share of profit if the partners share profits and losses based on the Average Partners' capital balances during the year. b) Siham, Sawsan and Sozan are partners in a firm, partners share net income based on ending partners' capital balances. Their capital on 1/1/2016 $120,000, $100,000 $90,000, respectively. During 2020, the partnership earned net income of $80,000. Siham reduce her capital of $20,000, Sawsan made drawings of $10,000, and introduced additional capital of $25,000. While Sozan reduce her capital of $5,000. Sozan's share of the net income is