4 The Red Saga Partnership is a manufacturing business owned by Azman, Wong and Bashir. Profit and loss are shared at a ratio of 5:3: 2. The capital account balances as at 1 July 2020 and withdrawals during the current accounting period are as follows: Partner Azman People Bashir Capital Current account Take (RM) (RM) (RM) 80,000 3,400 6,000 50,000 2,100 8,000 40,000 (500) 4,500 The following is the revenue and expenditure account balance for the business for the year ended 30 June 2021: Account RM Indirect labor 28,600 Work in progress (1 July 2020) 36,800 Raw material inventory (1 July 2020) 33,400 Finished goods inventory (1 July 2020) 57,500 Factory insurance expenses 16,720 Office insurance expenses 8,500 Factory utility spending 20,200 Office utility expenses 17,500 Sales 1,150,000 Spend the salary 225,000 Factory depreciation expense 18,880 Outbound freight shopping 6,800 Purchase of raw materials 305,000 Office depreciation expenses 15,500 Direct labor 351,200 Factory repair expenses 25,200 Raw material inventory (30 Jun 2021) 45,600 Work-in-progress inventory (June 30, 2021) 50,400 Inventory of finished goods (30 Jun 2021) 75,000 Sales and service expenses 50,500 Interest spending 2,500 Additional information: i) According to the partnership agreement, each partner is entitled to receive interest on capital of 8% per annum on the balance of their initial capital. No interest on withdrawals. ii) Wong and Bashir are allocated a salary of RM2,500 per month each and will be paid from the partnership profits. This amount has been taken into account in salary expenses as listed above. Be required: a) Prepare a Schedule of Cost of Goods at the Factory for the Red Saga Business for the year ended 30 June 2021. b) Prepare a Comprehensive Income Statement for Red Saga Business for the year ended 30 June 2021. c) Prepare a Profit and Loss Separation Schedule for the Red Saga Business partnership for the year ended 30 June 2021. d) Prepare a partner capital account for Red Saga Business as at 30 June 2021 (assuming the business uses the fixed capital account method)