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please do it in detail Part B GF Partnership provides property investment consultancy services since 2010. The Covid 19 pandemic in 2020 badly affected the

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Part B GF Partnership provides property investment consultancy services since 2010. The Covid 19 pandemic in 2020 badly affected the GF Partnership business. The partners, Garfield and Flinstone, decided to liquidate the business and the partnership ledger are shown below: Continued... NIFAH MAM 7/8 BAC1634 FINANCIAL ACCOUNTING & REPORTINGI 5 MARCH 2001 Cash RM 120,000 Noncash Assets 180,000 Liabilities 88,000 Garfield, Capital 200,000 Flinstone, Capital 12,000 Garfield and Flinstone's income ratios are 3:2, respectively. Required: Prepare a schedule of cash payments, assuming that the noncash assets were sold for RM120,000. Assume that any partner's capital deficiencies cannot be paid to the partnership (9 marks)

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