QUESTION 2 Kim, Khloe & Co. is in clothing line business. Below is their business information on 31 December 2018 RM Beginning capital: Kim 60,000 Khloe 40,000 Partner's drawings: Kim 16,500 Khloe 7,000 Annual Salaries: Kim 28,800 Khloe 21,600 Additional information i. The net profit for the year 31 December 2018 was RM90,000 ii. Interest is charged on capital and drawings at 5% and 4 % per annum respectively ii. The partners agreed to share profit and losses based on capital ratio REQUIRED: a) Prepare the journal entry to record the initial investment of both partners in the partnership b) Prepare the Profit and Loss Appropriation Account of Kim, Khloe & Co. for the year ended 31 December 2018