Baatsheba, Bokang and Khauhelo are in a partnership, sharing in the profits and losses of the partnership in a ratio of 5:3:2 respectively. They decided to liquidate the partnership by selling the assets piecemeal. At the commencement of the liquidation, the list of balances of the partnership was as follows Baatsheba 20 000 55 000 60 000 9 640 2 440 3 600 6 800 127 200 24 000 16 200 ital: Bokang account: Baatsheba (Cr) Current account: Bokang (Dr) account: Khauhelo (Cr) Goodwil Furniture and equipment at carrying amount Inventory Trade payables c Bank At the first liquidation of the assets, all the inventory was sold for R21 000, cash. Thereafter, the accounts of the trade creditors were settled in full at a total discount of R1 200 Any interim repayments to the partners must be made in such a manner that it will not be necessary for a partner to repay an interim repayment that was received by him to the partnership at a later stage QUESTION 9 Which one of the following alternatives represents the cash that is available for a first interim repayment to the partners? 1. R4 000 2. R25 000 3. R10 000 R40 000