Question 1 (15 marks) Flinders LLP is a limited partnership consisting of Mr Kent and Mr Jack Each of them contributed capital of S$190,000 and S$165,000 respectively. Their profits and losses are shared based on equal ratios. Each of them has annual income of $105,000 (other) from their investments. The following relates to profits/(losses) of LLP: S$ Adjusted profit/ (losses) Year ended 31/12/17 Year ended 31/12/18 Year ended 31/12/19 -215,000 -145,000 133,000 On 1 October 2019, Mr Jack withdrew $82,000 capital from the business. Required Determine the assessable income for each partner for the years of assessment(s) a) 2018; b) 2019, and c) 2020