I need simple explanation on the general treatment of items from part (g) and onwards.

The partnership agreement included the following details:- Each partner is entitled to a salary of shs. 60,000 per annum. b. When a partner retires he will receive a lump sum payment equal to one half of the net amount due to him including his share of goodwill The balance will be paid in six equal half-yearly installments. Interest will be charged on the outstanding balance at the rate of 10% per annum. C. Profits and losses are to be shared as stated above. The following information is relevant: d. Excel is a manager in the firm earning shs. 60,000 per annum. On 1 January 19-2 he and Better made loans to the firm to help it over financial difficulties. Excel has received 10% annual interest on his loan but Better has not received any interest Better retired on 30 June 19-5. Excel was admitted as a partner on 1 July 19-5. Due to pressure of work the required adjustments relating to the partnership changes had not been made in the accounts by 31 December 19-5. The profit figure shown in (g) below represents the position which would have applied. if there had been no partnership changes. g. Profits after charging Excel's salary and interest but before charging any salary for partners: Year ended Langoni Ufukweni Mugango Total she shs. the shs. 19-2 160,000 150,000 160,000 700,000 19-3 350,000 210,000 320,000 $10,000 19-4 160,000 240.000 220,000 920,000 19-5 420.000 260.000 240,000 920,000 All profits accrued evenly over each year. h. Goodwill was valued at shs. 600.000 on 30 June 19-5 and 1 July 19-5. Goodwill adjustments are to be made through the partners' capital accounts and goodwill is not to be shown in the books as an asset. i. The following are the main points of the new agreement:- Profit sharing plan Good Best Excel From 1 July 19-5 Annual salaries 50.000 50.000 50.000 Excel's salary and interest. as from 1 July. 19-5 are to be treated as drawings. Excel's loan is to be treated as part of his capital contribution. He has to pay in shs. 1 300.000 as the balance of his capital and she. 120.000 as his share of goodwill. Better is claiming 10% interest on his loan as from the 1 January 19-2. The other partners claim that he is not entitled to any interest as it was not mentioned in the partnership agreement. They have agreed to accept your decision on this matter. There were no partners' drawings during 19-5 other than Excel's salary and interest. n. On leaving the partnership Better took his company car at an agreed valuation of shs. 75,000. The net book value of the car at 30.6.19-5 was shs. 55,000. Required: The partners' capital and current accounts reflecting the above matters. ii. A balance sheet as at 31 December 19-5. CS Scanned with Inmanure