Question 2 (20 Marks) Rosa and Wilco are practicing accountants who had been offering a wide range of financial services in a partnership firm, R\&W Accountants. Due to the recent pandemic, there was a steady decline in business as a result of stringent measures to curb it's spread. The partners shared profits or losses equally, and decided to liquidate the partnership simultaneously as from 1 January 2023. On 31 December 2022, the following list of balances was obtained from the accounting records of R\&W Accountants: Additional information: During December 2022, the following transactions took place with monies being deposited into the business bank account: 1. A debtor with an outstanding balance of N$8400 was declared insolvent. His account must be written off. A 10% settlement discount was offered to all the other debtors if they paid their accounts before December 2022. All of them settled their accounts accordingly. 2. The motor vehicle was taken over by Wilco at an agreed value of N$82000. 3. The furniture and equipment were sold for N$84000. 4. The inventory was sold for N$38000. 5. All the creditors were paid and a settlement discount of N$720 was received. 6. Liquidation costs paid amounting to N$13000