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Toby Apparels has three partners A, B and K. The net profit for year ended 30 June 2018 was Rs. 12.5 million which arose evenly throughout the year. Following further information pertains to the year ended 30 June 2018: A B K Rs. in 6000 Opening balances: Capital accounts 5,000 13,000 7,000 Current accounts (500) 100 2,800 Drawings for the year 3,100 4,300 3,400 As per the partnership agreement valid up to 30 September 2017: (1) A, B and K shared profit in the ratio of 3:7:5 respectively. (ii) All partners were entitled to receive interest on capital at 12% per annum. (ii) A was entitled to monthly salary of Rs. 50,000. (iv) B was entitled to commission of 4% of net profit. On 1 October 2017, all partners agreed to revise the partnership agreement. Before revision, they agreed to make the following changes in the capital accounts: (1) Goodwill was recognized at 2 times the average annual profit for the last 3 completed years in excess of Rs. 6 million. The profits for the firm were as follows: 30 June 2017 30 June 2016 30 June 2015 Rs. in *000 10,500 9,500 9,250 (ii) Partner A made additional investment of Rs. 3.5 million while B withdrew Rs. 4.5 million of his capital. Partner K transferred Rs. 2.5 million from his current account to capital account. As per the revised partnership agreement effective from 1 October 2017: (1) All partners will be entitled to interest on capital at 9% per annum. (ii) A will be entitled to monthly salary of Rs. 60,000 while B and K will be entitled to monthly salary of Rs. 75,000 each. (iii) A, B and K will share profit in the ratio of 2:4:3 respectively. Required: For the year ended 30 June 2018: (a) show how the partnership profits would be shared among the partners. (b) prepare partners' current and capital accounts. (09) (06)