Mr King, Mr Fan and Comfort Ltd are the partners of KFC Company which have been carrying on a partnership business in Hong Kong for many years. Its accounts are made up to 31 March each year. The adjusted losses for the years ended 31 March 2022 were ($150,000), after adding back the following payments made to the partners: Salaries to Mr King Salaries to Mr Fan Interest on capital to Comfort Ltd You have been supplied with the following information: $ 120,000 90,000 100,000 (1) The partners brought forward the following losses from the year of assessment 2020/21: Mr King Mr Fan Comfort Ltd $ (110,000) (98,000) Nil (2) Mr King, Mr Fan and Comfort Ltd are sharing profits and losses in the ratio 1:1:2. (3) Mr King carries on another sole proprietorship business in Hong Kong, resulting in assessable profits of $300,000 for the year of assessment 2021/22. (4) Mr Fan elected personal assessment for the year of assessment 2021/22. (5) Comfort Ltd closes its accounts on 31 December. The assessable profits of Comfort Ltd from its own business was $10,000 for the year ended 31 December 2021. Required: (a) Prepare the partnership profit or loss allocation and statement of loss of KFC Company. (b) Prepare the statement of loss in respect of Mr King's sole proprietorship for the year of assessment 2021/22. (c) Prepare the statement of loss in respect of Comfort Ltd for the year of assessment 2021/22.