Good Day

Kindly assist with below.

Please explain how or show formula to calculate all the members interest .Much appreciated.

The following is the membership funds for KETU cc at December 2018: Members Abel Ben Carl 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 represented by net assets valued at N$34 000. YOU ARE REQUIRED TO: 1. Calculate the new members interest and balances regarding member's funds for each of the following: (6 marks) a. Ben sells his interest privately for N$15 000. b. Carl obtains 1/5 interest from Abel for N$4 000 cash. The money is deposited into the CC account as a loan from Abel. c. Abel sells his interest for N$18 000 to the CC. 2. Prepare the statement of change in members' interest and net members investment of Ketu CC as on 31 Decembers 2018 for each of the cases in question 1 (a- c). Go to Settings to Activate Win (14 marks)