Goh and Tan share profits in the proportion of two-thirds and one-third respectively. Goh is to be credited with a salary of $20,000 per annum, and Tan $25,000. Capital is fixed at Goh $135,000, and Tan $88,000. Interest is to be calculated on the partners' fixed capital at 10% per annum. No interest is to be charged on the drawings. The summarised trial balance after the determination of profit (not including interest on Goh's advance) for the twelve-month period ending 30 June 2021 was as follows: GOH AND TAN Trial Balance as at 30 June 2021 Debit Credit $ $ Capital, Goh 135,000 Capital, Tan 88,000 Advance 12% per annum, Goh 48,000 Drawings, Goh 10,000 Drawings, Tan 28,000 Bank overdraft 15,000 Profit and loss summary 155,800 Other assets 480,000 Other liabilities 76,200 $518,000 $518,000 Required: a) Prepare the profit distribution schedule for distributing the profits to the partners for the year ending 30 June 2021 (round to the nearest dollar). (8 marks) b) Prepare the Equity section of the Balance Sheet using the fixed capital accounts method (method 2). (4 marks) c) What does the term 'mutual agency' refer to in the context of partnerships? Provide an example where 'mutual agency' could be both an advantage and disadvantage for a partnership