Desk Top Designs Alice also told me that she has been in partnership with her two friends Phillip Warhurst and Gurpreet Singh, trading as Desk Top Designs, since 2012. The business specialises in the production of 'desk top' publications and operates from leasehold business premises located in North London. On commencement of the business, the partners invested a total of 100,000 in the following amounts: Alice 25,000, Phillip 40,000 and Gurpreet 35,000. Although the three partners have never committed to a written partnership agreement, I understand that throughout the course of running the business together, all management decisions have been made by means of majority decision and that annual income profits have been shared equally. The partnership has been very successful in recent years and was recently valued at 400,000 (after taking existing liabilities into account) with tangible assets (including various items of office and printing equipment, delivery vans and cash) valued at 100,000 and goodwill valued at 300,000. Desk Top Designs At the meeting with Alice Brain on [21st] December 2023, she tells you that she intends to leave 'Desk Top Designs' as soon as possible in order to concentrate on her late father's online gambling software business ie. the affairs of Computerbrain Ltd. Question 1 Explain: (i) how Alice can dissolve the partnership; and (ii) the amount () she would be entitled to recover on dissolution in light of the recent valuation of the business.