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Sameer, Hani, and All 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 All 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: $ 52,000 Cash Non cash Assets 230,000 Liabilities 20,000 Sameer's capital 134,000 Hani's capital 78.000 All'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 ratio, 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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