Mark and Dwayne were in partnership sharing profits and losses equally. No interest was charged on drawings or credited on capital. The following was a summary of their trial balance as at 30 June 2012: Debits Receivables fittings and fixtures Inventory at 30 June 2011 Purchases buildings General Expenses $000 $000 Credits $000 $000 840 Bank overdraft 6 426 2 520 Loan Mark at 6% 4 200 588 3 640 8 400 1134 Partners' capital accounts: Mark 4 200 Dwayne 700 Partners drawings: Mark 728 Dwayne 1050 1778 Motor vehicles Wages 980 3 080 22960 payables Sales 4 900 294 7 140 22960 For the purpose of accounts as on 30 June 2012 the inventory was valued at $420 000, and $280 000 was to be written off the book value of the motor vehicles and $140 000 off fittings and fixtures. A provision of $84 000 was required for accrued general expenses and Martin was to be credited with a year's interest on his loan account. After making a loss of 1638 the partnership was dissolved on June 2012, it being agreed that: i. 11. 111. Mark should take over the inventory for $350 000 and part of the fittings and fixtures for $840 000. Dwayne should take over the motor vehicles for $560 000. Interest on Mark's loan should cease as on 30 June 2012.