Answer all questions Question 1 Gari, Beans and K]k)) are in a partnership sharing profits and losses in the ratio, 22:1. They agreed to dissolve their partnership on 31 December, 2019 when their statement of financial position is as follows: GHC Non-Current Assets Premises Plant and Machinery Vehicles (3 cars) GHC 520,000 80,000 60.000 660.000 Current Assets Inventory Receivables Cash 90.000 60.000 40 190.000 20.000) Current Liabilities: Payables 120.000 10.000 Capital Accounts: Gari Beans K) 250.000 250.000 PT000 700,000 Current Accounts Gari Beans Kik) 10.000 12.000 000 Loan - Beats 730.000 100100 330.00 The following information are relevant Various assets were sold for cash as follows: Premises 650.000 Plant and Machinery 35,000 Inventory 7.500 ii The vehicles are taken over by the partners at the following agreed values Car 1 by Gani 17.000 Car 2 by Beans 35.000 Car 3 by K))) 10.000 mi The receivables paid 57,000 in full settlement of the total amount due from them iv. The payables were settled in full with 16.500 Dissolution expenses amounted to 15,000 Required: Prepare the realisation account, cash account and capital accounts of the partners to close of the partnership books V. Duration 2