Question one: (4 points) Maher and Nader agree to establish a new partnership with $ 60,000 capital divided as 1.2 respectively. The partners have been agreed that Maher paid the amount cash. And they also agreed that Nader transfer his own business according to the following balance sheet: 4000 Land 9,000 Account Payable 32000 Building 24,000 Capital Inventory total 3.000 36000 36000 The fair value of land $ 12,000, building $ 18,000 and inventory $ 4,000. Nader should pay the rest amount cash. Instructions: 1) Determine Maher and Nader capital 2) Prepare the journal entries to establish the new partnership