Ricky and Calvin are in partnership business with the sharing ratio of $3$:$2.$ The following trial balance

was extracted from the books of the partnership at $31$ December $2022$:

Ricky and Calvin

Trial Balance as at $31$ December $2022$

RM RM

Debit Credit

Capital, $1$ Jan:

Ricky $300,000$

Calvin $100,000$

Cash at bank $50,000$

Accruals $70,000$

Prepayments $18,000$

Ricky, Drawing $($at $30\mathrm{.}6.2022)40,000$

Calvin, Drawing $($at $31\mathrm{.}3\mathrm{.}2022)40,000$

Building $300,000$

Accumulated depreciation$-$ building $($at $31\mathrm{.}12\mathrm{.}2022)100,000$

Salary$-$ Calvin $90,000$

Net profit $($for the year to $31\mathrm{.}12\mathrm{.}2022)140,000$

Inventory $($at $31\mathrm{.}12\mathrm{.}2022)90,000$

Trade payables $141,000$

Trade receivables $223,000$

$851,000851,000$

Additional information:

$($a$)$ The partnership agreement allows for Calvin to be paid a salary of RM$100,000$ per annum, and for

interest of $5$ per cent per annum to be paid on the partners$$ capital account balances as at $1$

January in each year. Interest at a rate of $10$ per cent per annum is charged on the partners$$

drawings.

$($b$)$ The partners decide to dissolve the partnership as at $31$ December $2022,$ and the business was

then sold to Indah Berhad. The purchase consideration was to be $400,000$ at RM$2$ ordinary shares

in Indah Berhad. The shares were to be issued to the partners on $31$ December $2022$ and they

were to be shared between them in their profit$-$sharing ratio. The sale agreement allowed Ricky

to take over one of the business cars at an agreed valuation of RM$10,000.$ Apart from the car and

the cash and bank balances, the company took over all the other partnership assets and liabilities

at their book values as at $31$ December $2022.$

$($c$)$ Matters relating to the appropriation of profit for the year to $31$ December $2022$ are to be dealt

with in the partners$$ capital accounts, including any arrears of salary owing to Calvin.

Required:

$($i$)$ Prepare following accounts for the year to $31$ December $2022$:

a$.$ the profit and loss appropriation account;

b$.$ Ricky and Calvin$$s capital accounts; and

c$.$ the realisation account.

$($ii$)$ Prepare Indah$$s financial position as at $1$ January $2023$ immediately after the acquisition of the

partnership and assuming that no further transactions have taken place in the meantime. Disclose

clearly on the goodwill arise $($if any$)$ from the business acquisition