Question 2 Alif, Ba and Ta are in a business partnership, sharing profits and losses in the ratio of the amount of capital contributed. Their net profit before appropriation was RM250,000 as at 31st December 2020. The partnership capital accounts as at 1st January 2020 were as follows: Alif Ba Ta RM150,000 RM80,000 RM200,000 Other transactions which have taken place but not yet accounted for are as follows: (1) Partners' salaries: Alif RM50,000; Ba RM25,000; Ta RM25,000 (2) (3) Interest on drawings: Alif RM2,000; Ba RM2,500; Ta RM1,000 Interest on capital is 5%. + Required: a) Prepare the partners' Profit and Loss Appropriation Account for the year ended 31st December 2020. (8 Marks) b) Prepare the partners' current accounts for the year ended 31st December 2020. (8Marks) c) Explain TWO (2) ways of how new partners are admitted to the partnership? (8 Marks)