The following is the membership funds for Marina cc at December 2019: Members Alistair Brian Clyde TOTALS Members interest 50% 30% 20% 100% Capital contributions: Cash N$ 10 000 N$ 8 000 N$ 6 000 N$ 24 000 Retained income N$ 10 000 Members funds N$ 34 000 These funds are presented by net assets valued at N$ 34 000 You are required to: 1. Calculate the new members interest and balances regarding members funds for each of the following: a. Brian sells his interest privately for N$ 15 000 b. Clyde obtains 1/5 interest from Alistair for N$ N$ 4 000 cash. The money is deposited into the CC account as a loan from Alistair.

c. Alistair sells his interest for N$ 18 000 to the cc. 2. Prepare the statement of change in members interest and net members investment of Marina cc as on 31 December 2019 for each of the cases in question 1 (a-c).

Question 4 (20 Marks) The following is the membership funds for Marina cc at December 2019: Members Alistair Brian Clyde TOTALS Members' interest Capital contributions: Cash Retained income 50% N$ 10 000 N$ 8000 N$ 6 000 100% N$ 24 000 NS 10 000 Members funds NS 34 000 These funds are presented by net assets valued at N$ 34 000 You are required to: 1. Calculate the new member's interest and balances regarding member's funds for each of the following: (7 marks) a. Brian sells his interest privately for NS 15 000 b. Clyde obtains 1/5 interest from Alistair for NS NS 4 000 cash. The money is deposited into the CC account as a loan from Alistair cAlistair sells his interest for NS 18 000 to the cc. 2. Prepare the statement of change in members' interest and net members investment of Marina cc as on 31 December 2019 for each of the cases in question 1 (a-c)-(13 marks)