5 < In the last quarter of accounting period ended 31 March 2020, Kalsom Bibie Enterprise made a profit of RM80,000. The balance of capital account on January 1, 2020 for Kalsom is RM60,000 and for Bibie is RM80,000. Drawings of RM10,000 is made by Bibie during the last quarter. < The partnership agreement is as follows: < 1. Monthly salary of RM4,000 and RM8,000 is allowed for Kalsom and Bibie respectively. < 2. Interest on capital at 10% per year on beginning capital balance. Interest on drawings is charged at 3% per year. < 3. Proft or loss is shared equally. < 4. Kalsom Bibie Enterprise is using the fluctuating capital method. < < Required: < Prepare for Kalsom Bibie Enterprise : < a) Statement of Division of Profit for the 3 months ended 31 March 2020. < b) Closing entries to record the division of profi and loss and drawings at 31Mac 2020. < c) Partners Capital Statement for the year ended 31 March 2020