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Sameer, Hani, and Ali are partners in SHA Partnership. On 1/1/ 2021, they decide to liquidate their business. On 31/12/2020, and before closing the net
Sameer, Hani, and Ali are partners in SHA Partnership. On 1/1/ 2021, they decide to liquidate their business. On 31/12/2020, and before closing the net income for 2020, you have the following accounts and balances: Cash $ 52,000 Non cash Assets 230,000 Liabilities 20,000 Sameer's capital 134,000 Hani's capital 78,000 Ali's capital 10,000 You know that: Net income for the year 2020 was $ 40,000. Non cash assets are sold for $160,000 cash Partners share income/loss in a 4:3:3 ratlo, respectively. Required: Calculate the amount of Cash distribution to Sameer after the liquidation process is over. (Note: in the answer space. write only the number with no $ signs or commas. That is, if your answer is $1.000 white it as : 1000
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