Ansah, Mensah and Menson share profit in the ratio 5:3:2. Under the partnership agreement, interest on capital is allowed at the rate of 12% per annum. The agreement also contains provision that on the death of any partner, goodwill should be valued at 3years purchase of average super profit. The average profit of the partnership is GHC260m. The expected return/earning on the capital employed is GHC160 and the rate of return is 20%. A fair remuneration of the 3 partners is estimated at GHC80m per annum. The deceased partner(s) would be credited with accrued operational profit by allowing 20% per annum on his capital from the date of his death. However, Ansah died on 30th June 2012 The balance sheet as at 31st December 2011 was as follows: GHC'm GHC'm Capital: Ansah 250 Premises 80 Mensah 150 Fixtures 112 Menson 120 Motor Vehicles 206 Creditors 80 Debtors 84 Stock 76 Bank 42 - 600 600 For the purpose of calculating how much to pay Ansah's estate, Premises was valued at GHC160m, Debtors at GHc80m, Motor Vehicles GHc200m and Stocks reduced by GHC16m. te The balances of the partners' current account to 31* December, 2011 had been carried to their respective capital accounts and Ansah had withdrawn GHC12m in 2012. Required: a) Show all necessary workings and prepare the Executors of Ansah's estate Account. b) Show the Statement of Financial Position after the death if the amount owed to Ansah was left as a loan carrying interest of 15%