Question 3 (3O Marks) Pascoe, Canon and Fradley were in a partnership which traded as Trio Traders. They shared profits in the profits and losses equally. The partners decided to liquidate the partnership on lAugust 20.5 by means of simultaneous liquidation. The abridged statement statement of financial position as at 31July 20.5. the financial year end ofTrio Traders, was as follows