Cobus. Botha and Pienaar are in partnership sharing profits and losses in the ratio of 3:2:1. The statement of financial position at 30 June 2017 is presented below: COBUS, BOTHA AND PIENAAR STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2017 ASSETS Non-current assets Equipment Accumulated depreciation Vehicle Accumulated depreciation Goodwill Current assets Inventory Accounts receivables Bank EQUITY AND LIABILITIES Capital and reserves Capital accounts: Cobus a Botha Pienaar Reserves Current liabilities Accounts payables R R R 220 000 170 000 (80 000) 90 000 40 000 (10 000) 30 000 100 000 284 000 20 000 100 000 164 000 504 000 468 000 360 000 180 000 120 000 60 000 108.000 36 000 36 000 504 000 Teichman is admitted to the partnership on the 01st July 2017. He is to have a one-sath share of the business, which Cobus, Botha and Pienaar are to relinquish according to their existing profit-sharing ratio. The following agreement is reached on the admission of Teichman: https://ethuto.cut.ac.za/webapps/assessment/take/takejsp?course assessment id-16485_1&course_id=353_1&content id- 453640_1&question hum 13 W Question Completion Status: Teichman is admitted to the partnership on the 01st July 2017. He is to have a one-sixth share of the business, which Cobus, Botha and Pienaar are to relinquish according to their existing profit sharing ratio. The following agreement is reached on the admission of Teichman 1. The equipment is valued at R40 000. 2. Only 60% of the accounts receivables are considered to be collectable. 3. All other assets and liabilities are considered to be fairly valued. 4. Goodwill is to be reported on the statement of financial position of the new partnership. 5. Teichman is to pay a total of R129 600 into the partnership. 6. The reserves are to remain on the statement of inancial position of the new partneship. Based on above information, please select the correct new profit-sharing ratio for the new partnership. a. 15:10:5:6 b. 8:5:2:3 03:21:6 Od. 18:12:6:6 none of the above