ONLINE CONSULTATION PARTNERS, a service business providing accounting consultation to small and medium businesses. Its partners EK, KAUN and TING shares profit based on their capital ratio. Due to lack of demand from SMEs, they have decided to dissolve their partnership business. Prior to dissolution, the business provided following statement of financial position: 289,000 ONLINE CONSULTATION PARTNERS Statement of financial position as at 30 June 2020 Assets Land & Building 380,000 Accumulated depreciation (91,000) Motor Vehicle 310,000 Accumulated depreciation (180,000) Office Equipment 190,000 Accumulated depreciation (76,000) Cash in hand Accounts receivables Total Assets 130,000 114,000 12,000 200,000 745,000 200,000 150,000 50,000 400,000 Equities & Liabilities Capital Account: EK KAUN TING Current Account: EK KAUN TING Bank overdraft Accounts Payables (non-trade) Mortgage Loan Total Equities & Liabilities 100,000 70,000 (43,000) 127,000 50,000 75,000 93,000 745,000 The following activities took place since the partners decided to dissolve the business: i. Land and building will be sold to OFFLINE BUSINESS at RM320,000 ii. There were 2 cars used in the business. EK decided to take over one of the cars at RM40,000 and KAUN decided to take over the other car at RM45,000 iii. Office equipment will be sold to INLINE BUSINESS at RM84,000 iv. Due to business slowdown, most of the SMEs were not able to pay their outstanding. 10% of the outstanding must be written off as bad debts and the remaining SMEs paid after receiving 20% discount. v. There was a credit note received of RM5,000 from payable which is yet to be recorded. Accounts payable were settled in full after receiving a 10% discount. Mortgage loan was also settled in full. Dissolution cost of RM18,000 was paid in full. vi. The business also received a news that TING has been declared bankrupt. vii. All transactions are performed through bank account Required: a. Prepare a realization account (7 marks) b. Prepare capital account of partners (7 marks) c. Prepare bank account (5 marks) d. Briefly all possible options that partners have if any one of their partners have a debit balance in their capital account (6 marks)