case one 8 15 on Adnan, Saleh and Marwan are three partners in partnerships; on 1/1/2019 you got the following information capital Profit loss ratio Adnan 200,000 50% Saleh 160,000 40% Marwan 40,000 10% On the same date they agree to admit kareem on partnerships by investing cash $ 120,000 by giving him 20% capital interest and profits Instructions:- By using goodwill method record the journal entries Finis Time case 2 B and R co-partners in Company. The partnership agreement provides for: (1) salary allowances of $18,000 to B and $12,000 to R, (2) interest allowances of 10% on capital balances at the beginning of the year, and (3) the remainder equally. Capital balances on January 1, were B $80,000, and R $40,000. In 2017 partnership net income is $44,000. Required Prepare a schedule showing the distribution of net income