Particulars Q1 S, K and P are in a Partnership business as Machinery Manufacturers. They share Profits as 4:3:3. The following Balances was extracted on December 31, 2021. Cash at Bank Particulars 28,980 Capital Accounts S 104,400 Purchase of Raw Material 1,350,000 K 61,200 Discount (Dr) 61,200 P 57,600 Rent and Insurance 41,580 Commission Received 21,600 Factory Expenses 171,000 Sundry Creditors. 113,400 Office Expenses 10,800 Sales 2,340,000 Sundry Debtors 57,600 Furniture 28,800 Telephone 2,700 Opening stock of Raw Material 106,200 Carriage inwards 432,000 Salaries (Including sales manager salary) 64,800 Repairs to Buildings 3,600 Bad debts 14,400 Carriage Outwards 16,200 Vehicle 23,400 Drawings S 43,200 K 39,600 P 37,800 Vehicle running expenses 19,800 Travelling expenses 25,200 Advertising Expenses 32,940 Plant and Machinery 86,400 2,698,200 Note: They employed a sales manager who is paid a salary and plus one percent commission on total sales. Additional Information Partner S's salary Partner K's salary Partner P's salary Closing stock was valued at Outstanding Office expenses Outstanding Telephone expenses Depreciation on Vehicle 2,698,200 21,600 36,000 28,800 25,200 151,560 3,240 900 20% Depreciation on Plant and Machinery 12.50% Depreciation on Furniture 10.00% Baddebts Interest on capital 2.50% 5.00% You are required to prepare Final Accounts of the Partnership Firm.