3:50 P M COMPUTERIZED ACCOUNTING - CWK 1 Rafiki and Adui are in partnership sharing profits and losses equally Rafiki and Adui Trial Balance as at 31st December 2021 3G 575 DR CR Shs Shs 000 000 Premises at cost 150,000 Inventory at 1st January 2021 225,000 Fixtures and fittings at cost 45,000 Purchases and purchases returns 1,140,000 36,000 Carriage outwards 9,000 Capitals: Rafiki 300,000 Adui 150,000 Bank 94,800 1 Sales returns and Sales 18,000 1,524,000 Rent and rates 8,400 Provision for depreciation: Fixtures and fittings 9,000 Accounts receivable & accounts payable 157,200 99,900 Carriage inwards 64,500 Current accounts: Rafiki 6,000 Adui 1,800 Salaries and Wages Cash drawings - Rafiki 126,000 45,000 Adui 30,000 VAT 26,100 Office expenses 22,500 Allowance for doubtful debts 6,000 Advertisement 15,000 Discount allowed and discount received Bad debts 3,600 3,000 4,200 2,160,000 2,160,000 Page 1 of 2 Additional information as at 31st December 2021 i) Inventory was Shs.204,000,000 ii) Rent and rates paid in advance of Shs. 600,000 iii) Provision for depreciation of fixtures and fittings is at the rate of 10% be charged on cost iv) Allowance for doubtful debts be increased to Shs.7,200,000 v) Accrued salaries and wages at the end of the financial was Shs.2,700,000 vi) Goods withdrawn by Rafiki and Adui were of Shs1,500,000 and Shs.2,000,000 respectively had not been recorded in the books vii) Partners salaries; Rafiki, Shs. 12,000,000 and Adui Shs.8,000,000 viii) Interest on capital and current accounts is 5%. Required; Linking up with the 4 spreadsheets Prepare the following as at 31st December 2021 a) Statement of profit and loss and other comprehensive income b) Partner's current accounts c) Statement of financial position d) Workings DEADLINE FOR HANDING IN 1ST JULY 2022 AT 5PM