7 Rory, Sori and Tory are REST Partnership partners. Each partner has contributed a capital of RM50,000 per person to start a business. There has been no additional capital investment since the establishment of the REST Partnership. The ReST Partnership Record shows a profit of RM310,000 for the year ended 30 June 2020, before taking into account the following agreed upon: Interest on the initial capital balance at the rate of 10% per annum Interest on withdrawals at a fixed rate of 5% Tory receives a salary of RM10,000 a month Rory had given a loan to the REST business of RM125,000 on 1 May 2020. This loan bears interest at 4% per annum. Profit and loss are divided based on a 2: 3: 5 ratio to Rory, Sori and Tory respectively The initial balance of the partner's current account and the withdrawal amount for the current period are as follows: Rory Current account 30,000 Take 60,000 Sorry 20,000 55,000 Tory 40,000 25,000 Be required: Prepare a. Profit and Loss Isolation Account b. Partner Current Account (fixed capital method) c. Owners' Equity Division Statement of Financial Position 7