Asha and Rasha started partnership busines in 2010 sharing profit and losses in the ratio of 60% and 40% respectively. The following is the trial balance of the partnership firm, which has been extracted as on 31 December 2019: Dr Mehr Males be Per a way 2010 30.000 300 1,000 75.00 sod 11.30 34. 10.000 Dhewed Rece Show All and Los on Par-Rasha meton Bank Loan . 25.00 Alle Belt Aene Accounts Payable Chu China 1. 2.00 4000 Sood Capital SO,000 200 -Rashe windering the year - A Raha 20,000 CA - Ashe 2.300 1.550 The following information is relevant: Closing inventory as on 31/12/2019 is valued at $8,000 provision for bad debts is to be created 8% of Trade Receivables Insurance amount included prepayment for 2020 $500 Salary outstanding (accrual) as on 31/12/2019 is $2,000 Interest on loan given by Rasha (Partner) is not provided in the partnership agreement The following is provided in the partnership agreement: Interest on drawings at 10% per annum Interest on Capital at 8% per annum Salary to Asha 55000 and to Rasha S8,000 per annum You are required to prepare: Income Statement Profit and Loss Appropriation Account (Statement of division of Income) e Partners' Capital Account in columnar form ) Partners' Current Accounts in columnar form, and A Statement of Financial Position (Balance Sheet) as at 31/12/2019 (12 Marks)