Hugo, Candice, and John are partners in an office cleaning service, trading as SaniHygiene, and they share profits and losses in the ratio 1:3:2 respectively. They have decided to liquidate the partnership and have agreed to accept the most favourable offers received for the assets of the partnership. They planned to liquidate the partnership simultaneously on 31 May 2023. Before the liquidation entries were made, an extract of the trial balance of the partnership was as follows: On 31 May 2023 the following transactions regarding the liquidation took place: Equipment was sold to Mr Abiza, an independent third party, for R145 000. Land and buildings were sold for R105 000 All outstanding amounts relating to creditors was settled, a settlement discount of 5 cents on every Rand owed was received. Inventory was sold for R55 000. The liquidation cost relating to the above amounted to R12 000. All debtors settled their balances in full. Which one of the following alternatives represents the correct amount that must be recorded in the Liquidation account for the apportionment of profit for Hugo? a. R9 780 b. R22 560 c. R8 625 d. R25 875 Which one of the following alternatives represents the correct amount that must be recorded in the Liquidation account for the apportionment of profit for John? a. R15 850 b. R16 550 c. R17 250 d. R19 680 Which of the following alternative represents the amount allocated to the capital account of Hugo relating to the revaluation amount? a. R2 000 b. R3 500 c. R3 950 d. R2 880 Which of the following alternatives represents the correct recording of the current account amount in the capital accounts? a. John: Credit R62 000 b. Hugo: Debit R55 000 c. Candice: Debit R25 000 d. None of the above Which of the following alternative represents the amount allocated to the capital account payable to John relating to the goodwill amount? a. R27 485 b. R28 333 c. R29 455 d. R26 450