Anime in your wedecument 1. Katy and Perry decide to establish a bakery business called Exquisite Buns, Katy is a trained baker, while Perry has some accounting skills. Due to renovation cost to the Inased shopfront, they had to borrow $50,000 from Laurence, a very experienced businessman Laurence agreed to help manage the business but stated that once had been repaid in full by sharing the profits equally, he would leave Katy and Perry to run the business by themselves. At first, business thrives due to Laurence's expert guidar Then Katy orders very expensive baking trays and a commercial refrigerator from Kitchen Supples Ply Lid is the relationship between Laurence Perry and Kay partnership? Explain the reasoning behind your answer. (10 marks) Anime in your wedecument 1. Katy and Perry decide to establish a bakery business called Exquisite Buns, Katy is a trained baker, while Perry has some accounting skills. Due to renovation cost to the Inased shopfront, they had to borrow $50,000 from Laurence, a very experienced businessman Laurence agreed to help manage the business but stated that once had been repaid in full by sharing the profits equally, he would leave Katy and Perry to run the business by themselves. At first, business thrives due to Laurence's expert guidar Then Katy orders very expensive baking trays and a commercial refrigerator from Kitchen Supples Ply Lid is the relationship between Laurence Perry and Kay partnership? Explain the reasoning behind your answer. (10 marks)