Question 4 Answer both Parts A and B of this question. Part A Mohammad and Carla operate a gardening business as partners. The partnership agreement provides that the profits or losses of the partnership should be divided equally. Mohammad, who is more active in the business, is paid a salary of $60,000 in addition to his.share of the profits. For the year ended 30 June 2020, the partnership made a profit of $30,000 after the payment of Mohammad's salary. Required for Part A: a) What is the net partnership income and distribution to partners Mohammad and Carla? (5 marks) Assume that instead of makirg a profit of $30,000,the partnership made a loss of $80,000 after the payment of Mohammad's salary,what is the net partnership income and distribution to the partners? (5 marks) Part B Juice Pty Ltd is a resident company. It has two resident shareholders. One,Peter owns one A class share in the company and is on a marginal tax rate of 45%. Assume the after-tax distributable profit of Juice Pty Ltd is calculated as follows: Profit (including income) 200,000 Income 100,000 Tax@30% 30,000 Franking credits 30,000 After-tax income 70,000 After-tax profit 170,000 Required for Part B: 10 marks) Disregarding the Medicare levy,calculate the after-tax effects for Peter if he receives as a distribution a dividend of $85,000 franked to 50% In your response give reasons and refer to sections of legislation and cases,where relevant