Case - 4 Hazeer and Hiyam are partners sharing profits in the ratio of 2:1 respectively on 31" December 2019 they decided to dissolve the partnership. On that day, their balance sheet appeared as follows; Balance sheet of Hazeer and Hiyam as at 31" December 2019 Liabilities Amount (OMR mount (OMR Creditors 5000 3,000 Vehicle 12.000 Reserve Capital Hazeer 22,000 Hiyam 28.000 50.000 Debtors 7,500 Stock 2.500 Building 7,000 Machinery 3,000 Cash at Bank 26,000 Total 58,000 Total 58.000 a) Hazeer decided to take over Vehicle at OMR 10,500. b) Hiyam took over Building at OMR 18,000. Realized value of Machinery OMR 4,000 and stock OMR 3,000. ) Debtors were settled at OMR 6000 e) Hiyam agreed to pay all realization expense of OMR 400. Creditors are paid 5% less than their book value. You are required to Prepare; a) Realization account (5 marks) b) Partners' Capital account ( 3 marks) c) If a partner is allowed to make specified periodic drawings, are these drawings treated as a profit distribution? Explain. Case 5