PLZ PLZ HELP

SLUR, PEE and COLD established a partnership, DESS, since year 2001. They shared profit and loss with a ratio of 4:3:2. Due to pndemic crisis, COLD decided to retire on 30 June 2021 and this immediately led to dissolution of partnership. The following is the statement of financial position as at 30 June 2021.

You are required to prepare:

a.	Realization account
b.	Bank account
c.	Partner capital and current account
d.	What does Garner Vs Murray rule imply? When will the rule take its effect? Explain.

Statement of financial position as at 30 June 2021 517,500 101,800 130,000 749,300 Non-current Assets Land and building Vehicle Furniture Current Assets Inventory Accounts receivable Bank Current Liabilities Account payable Accrual loan interest Long-term Liabilities Loan - Bank 63,140 73,670 26,410 163,220 (66,300) (11,250) (77,550) (250,000) 584,970 Financed by: Capital Account: SLUR PEE COLD Current Account: SLUR PEE (Dr) COLD 250,000 100,000 200,000 550,000 51,790 (61,675) 44,855 34,970 584,970 Additional Information: SLUR is given permission to take partnership's assets which are valued as the following: i. Vehicle RM26,000 ii. Furniture RM39,250 Assets to be realized are as follow: Land and Building RM600,000 ii. Vehicle RM10,400 iii. Furniture RM15,800 iv. Inventories RM14,050 RM57,275 is paid by accounts receivable, RM 63,750 is paid to accounts payable. Dissolution cost is RM6,385. PEE cannot afford to settle all partnership obligations and hence, Garner vs Murray rule was implemented