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Question #4 (5 Marks) Saleh & Nadeem are partners in a firm. On 1/1/2020, capital balances in the partnership are $80000, $90000, respectively. Partner's Current

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Question #4 (5 Marks) Saleh & Nadeem are partners in a firm. On 1/1/2020, capital balances in the partnership are $80000, $90000, respectively. Partner's Current Account balances are $10000 credit, $5000 debit, respectively. During 2020, Saleh invested Cash of JD 22000 as an addition to his capital in the firm; and made drawings of JD10,000 on 1/4/2020. while Nadeem reduced his capital JD20,000; and made drawings of JD 4,000 on 1/6/2020. The partnership income-sharing agreement provides for (1) annual salaries of JD15,000 for Saleh, (2) interest at 10% on ending capital balances, (3) Interest on Drawings 10%; and (4) remaining income or loss to be shared according to the Average Partners' capital balances during the year, the firm earned net income of JD100,000. a) Saleh's share of the net income is........... b) Nadeem's Current Account balance at 31/12/2020 is

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