b) If some goodwill already exists in the books and the new partner brings his share of goodwill in cash how will you deal with existing amount of goodwill? (1 mark) Case - 4 Ali and Akbar are partners share profits in the ratio of 3:2 respectively. They decided to dissolve the partnership as on 1 January 2020. On that day their balance sheet was as follows; Balance sheet of A and B as at 19 January 2020. Liabilities Assets Amound (OMR (OMR) Sundry Creditor 10,000 Building 17,000 Capital Account Ali 10.000 Akbar 20.000 30.000 Debtors Stock Furniture Machinery Cash at Bank 5,500 4,500 8.000 2.000 3000 Total 40,000 Total 40,000 a) Ali decided to take over Machinery at OMR 7,500 b) Akbar took over Building at OMR 18,000 c) Stock realized its full value while furniture was sold at a discount of 10% a) Debtors were settled at OMR 5000 c) Realization expense amounted to OMR 1000 You are required to Prepare; a) Realization account b) Partners' Capital account c) Bank account (5 marks) (3 mark) (2 marks)