Jimmy and Bea are partners in a drone business trading as Sky-High Drones and share profits and losses in the ratio of 2:3 respectively. Because of increased demand in the farming and mining community for drones, Jimmy and Bea have decided to liquidate their partnership and move their operations into a private company which will acquire the assets of the partnership. Jimmy and Bea will expedite the process through a simultaneous liquidation on 1 September 2023. Before the liquidation entries were made, the trial balance was prepared as follows: On 1 September 2023 , the following transactions took place with regard to the liquidation: - The land and buildings were sold for cash of R852000 - Drone equipment with a carrying amount of R55 000 was bought by Jimmy at an agreed cash amount of R59 000 . This amount was not settled immediately by Jimmy. - The remaining drone equipment was sold for a cash amount of R360 000 - On full settlement of the creditor's accounts, a settlement discount of R6 200 was received. - The long-term loan was paid in full. - Liquidation costs paid amounted to R5 200 Assume the correct amount of liquidation profit allocated to Bea is R63 000 . Which one of the following alternatives represents the correct amount that must be paid to Bea on liquidation of Sky-High drones on 1 September 2023 ? A. R 441000 B. R 562000 C. R789000 D. R 643000 E. R 580000 Clear my choice Assume the correct amount of liquidation loss allocated is R48 000 . Which one of the following alternatives represents the correct amount that must be paid to Jimmy on liquidation of Sky-High drones on 1 September 2023? A. R 296000 B. R 148000 C. R 625330 D. R723700 E. R 850000