1. Prepare the Partnership Balance Sheet as at 30 June 2021.

Trial Balance of Bennett & Barney as at 30 June 2021DebitCredit$$Sales1,000,000Sales returns10,000Selling expenses150,000Administration expenses205,000Financial expenses50,000Purchases320,000Cash at bank77,000Accounts receivable22,000Provision for Doubtful Debts2,500 Inventories42,000Motor Vehicles80,000Furniture42,000Plant and Equipment276,500Accumulated Depreciation Plant1,500 Accounts payable56,000Bank Loan12,000Capital - Bennett75,000Capital - Barney112,500Current - Bennett25,000Current - Barney35,000Drawings - Bennett20,000Drawings - Barney25,000Totals1,319,5001,319,500Additional Information:1. Closing inventories counted as $39,0002. Interest on capital at 10% per annum3. Interest on drawings at 12% per annum4. Partners salaries owing $22000 each5. Drawings for Bennett 01/9/20 $10,000 and 1/3/21 $10,0006. Drawings for Barney 01/9/20 $10,000, 01/03/21 $8,000 and 01/06/21 $7,000