Question 1 Bank Shari'ah had agreed to contribute RM5,000,000 as monetary capital based on a five- year mudharabah financing contract (Mudharabah Mugayaddah) at the profit sharing ratio of 3:1 between the Bank (Rab al-Mal) and Ummah Corporation (Mudharib) respectively. Assume the following results of the venture: year profit (500,000) 2 (400,000) 3 350,000 4 500,000 S 600,000 Prepare the necessary journal entries to recognize asset and profit/loss of the above transactions, and show how profit/loss will be allocated between the Bank, and the mudharib will appear in the respective income statements from the first to fifth year, if the profit of mudharabah is determined at the end of Each period. (15 marks)