. 2. Geralt, Yennefer and Ciri have been in partnership organising and performing magic shows for several years. At the start of the partnership, Geralt and Yennefer introduced 50,000 cash each and Ciri introduced capital 40,000 cash. None of the partners have introduced any more capital or withdrawn any of their original capital. All distributions of profit and drawings are accounted for in the partners' current accounts and retained there The partnership agreement includes the following provisions: Salaries of 30,000 per annum per partner, payable in 12 equal instalments on the last day of every month. In addition to her salary, Ciri is paid an additional 2,000 at the end of every September for an annual event she alone organises for up-and-coming magicians. 10% interest earned on capital per annum (pro rata for any additions or deductions) 5% interest charged on drawings other than salary drawings (calculated on a monthly basis) No interest is earned or charged on current accounts. Any remaining profit after all other distributions is shared between Geralt, Yennefer and Ciri in a ratio of 3:3:2 respectively. The current accounts as at 1 January 2019 revealed that the business owed Geralt 10,000 and Yennefer 15,000, and Ciri had withdrawn all her share of the profit. On 30 March 2019, Geralt took out an additional 9,000 cash from the business, over and above his salary, to pay for a holiday. I On 30 September 2019, Yennefer retired from the partnership. The partners agreed goodwill of 180,000 on that date to be included in the capital accounts. It was also agreed that the remainder of the amount in her capital account would be converted to a loan with an interest of 10% per annum which would be repaid in three equal instalments over the following three years. On her retirement, Yennefer took out in cash the total amount owing in her current account at the date of her retirement On Yennefer's retirement, a new partnership contract was drawn up, adopting the continuing basis' in respect of the partnership accounts. Profit for the nine months up to 30 September 2019 equalled 90,000. This profit figure have not yet been appropriated for partners' interest (either eared or charged), salaries or other earnings, or residual profit share. REQUIRED: (a) Prepare a schedule to show the calculation of the profit sharing between the three partners for the nine-month period to 30 September 2019. (9 marks) (b) Prepare the capital accounts and current accounts for the three partners for the nine-month period to 30 September to reflect all the appropriate transactions during the period including the cessation of Yennefer as a partner, and any closing balances (16 marks)