A, B and C have formed the BW Partnership, and have capital balances of OMR 475000, OMR364000 and OMR 278000 respectively, on January 1, 2020., A and B invested an additional OMR 65000 and OMR 45000 respectively. Also during the year, C withdrew OMR 45000 and A withdrew OMR 53000. Sales for the year amounted to OMR 980000 and cost of goods sold were 740,000 and administrative expenses were 312000. A, B, C share profit and losses on a 4:3:2 bases.

(i) Prepare the closing entries at December 31, 2020, for the BN partnership.

(ii) Prepare a partners' capital statement for 2020.