XYZ company reports net income of $150,000. If partners Khaled , Marwan , and Kamal have an income ratio of 3:2:1 respectively, Khaled share of the net income is: Select one: a. 50,000 b. 75000 c. 25,000 d. 35,000 Mazen purchases 100% of Ahmad capital interest in the partnership for $32,000, If the capital balance of Ahmad and nader are $40,000 and $30,000, respectively, the balance of Mazen Capital following the purchase is: 1 Select one: O a. 30,000 b. 15,000 c. 40,000 d. 32,000 XYZ Company receives net proceeds of $39,500 on the sale of share investments that cost $42,000. This transaction will result in reporting in the income statement Select one: a. loss 39500 O b. gain 39500 c. loss 2500 d. gain 2500