3 (30 Marks) Pascoe, Canon and Fradley were in a partnership which traded as Trio Traders. They shared profits in the profits and losses equally. The partners decided to liquidate the partnership on 1August 20.5 by means of simultaneous liquidation. The abridged statement statement of financial position as at 31 July 20.5, the financial year- end of Trio Traders, was as follows: Page 15 of 25 Question 3 (30 Marks) Pascoe, Canon and Fradley were in a partnership which traded as Trio Traders. They shared profits in the profits and losses equally. The partners decided to liquidate the partnership on 1August 20.5 by means of simultaneous liquidation. The abridged statement statement of financial position as at 31 July 20.5, the financial year- end of Trio Traders, was as follows