Jafri, Kamal and Sharif formed the JKS Bersatu Business, a partnership operating the supply of woodworking tools under the following conditions: 3 1. Profit and loss are split between Jafri, Kamal and Sharif in a 5: 3: 2 ratio. Kamal and Sharif each earn RM2, 000 a month. 2. 3. The interest on the initial capital balance is 12% per year 4. The interest rate for recruitment is 6% per year. The capital account balance on January 1, 2021 and the annual income in 2021 are as follows: Partner Capital (RM) Retrieval (RM) Jaffrey 80,000 6,000 Kamal 50,000 8,000 Sharif 40,000 4,500 Here is a portion of the JKK Bersatu business account balance as of 31 December 2021: RM The cost of selling goods 70,000 Sales 378,000 Sales discount 11,300 Return on sales 6,200 Salary expenditure (excluding partner's salary) 72,000 Insurance cost 12,000 Sales expenses 43,000 Marketing expenditure 16,300 Depreciation expense 13,200 Administrative expenses 29,000 Requirements: Prepare for joint JKS business: a) Income statement for the year ended December 31, 2021. 4 b) Profit and loss segregation statement for the year ended December 31, 2021. c) Capital account of joint JKS partners as of December 31, 2019 (assuming that the enterprise uses variable capital account)