3.K and A are partners in a firm. They share profits and the losses in the ratio of 4:1. They decide to dissolve the firm on 31st/3/2008, and on this date the balance sheet is as follow: Liabilities Amount Assets Amount RO. RO. Bank loan 1,500 Trade mark 1,200 Creditors for goods 8,000 Machine 12,000 Bills payable 500 Furniture 400 K's Capital Ac 16,000 Stock 6,000 A's Capital Ac 6,000 Debtors 9,000 Less: provision for bad 400 debt 2,800 Cash in hand 1,000 Profit & loss Ac 32,000 32,000 The realization shows the following results: a. Debtors were realized at book value less 10% b. Goodwill was sold for RO 1,000. c. Trade mark was realized for RO 800. d. Machinery and stock were taken over by K respectively for RO 14,400 and RO 3,600 e. An unrecorded asset estimated at RO 600 was sold for 200. f. A creditor for goods was settled at discount of RO 80. g. The expenses on realization were RO 400. Prepare journal entries, the realization Ac, Cash/Bank Ac and capital Accounts of the partners