2. Janet and Joley are partners in the firm of JJ & Co (JJC). They agreed to share profits of 60% (Janet) and 40% (Joley). JJC trades in medical products. The partnership accounts for the year ended 31 December 2021 show the following results: Sales Less: Cost of goods sold Gross profit Less: Expenses Staff remuneration Motor vehicle maintenance Depreciation of non-current assets Note MYR 780,000 1 370,000 410,000 234 93,600 12,000 23,600 Sales Less: Cost of goods sold Gross profit Less: Expenses Staff remuneration Motor vehicle maintenance Depreciation of non-current assets Utilities - Bad debts advances to employees Accounting fees Note MYR 780,000 1 370,000 410,000 234 93,600 12,000 23,600 1,800 3,850 2,000 Entertainment expenses to existing customers 5,950 Salary to partners 5 35,000 Advertisement expenses 17,000 1. JJC gifted some Covid-19 tester kits to an approved orphanage costing MYR3,000. The tester kits normally sell at a gross profit margin of 15%. 2. Staff remunerations comprise of: Staff salaries & 20% EPF contribution Salaries & 20% EPF contribution for Bernard MYR 68,400 30,240 Janet's husband, Bernard, works part time in the business as a sales assistant and is paid MYR2,100 a month. JJC has also employed another part-time sales assistant for a monthly salary of MYR1.500. 3. Maintenance cost relates to Janet's personal motor vehicle. 5 4. Depreciation of existing non-current assets of JJC are as follow: Assets Cost of purchase Depreciation expense (MYR) (MYR) Office equipment 18,000 78,000 Motorcar used by Joley (80% for business use) Furniture 22,000 3,600 15,600 4,400 VIZUEN | Sunnar e 10000cc engo 0100070 000 5. Partners' salaries are as follow: Janet Joley MYR 20,000 15,000 Required: (a) Compute Divisible Income of each partner from the partnership business for the year of assessment 2021. Show all relevant workings. Joley 20,000 15,000 Required: (a) Compute Divisible Income of each partner from the partnership business for the year of assessment 2021. Show all relevant workings. (b) Compute the Total Income for each partner for the year of assessment 2021. Show all relevant workings. Note: You should indicate by the use of the word 'Nil' for any item referred to in the question for which there will be no tax implication. Round up the amount to the nearest MYR. [25 marks]