The second duty

is Nayef, Fahd and Saqr, partners in a solidarity company. In the year 2019 their investments amounted to $650,000, $400,000, and $350,000 , respectively. The company achieved profits in the same year amounting to $340,000 , and the partners had agreed to distribute profits and losses equally after calculating an interest on the head of each of them at 8%. Required: Determining each partners share of the profits according to the information 1- Above, recording the journal entry necessary to show the distribution of profits 2- On the companys records