Sara and Hassan are in partnership. The two friends share profits and losses in the ratio of Sara 70% and Hassan 30% Below is the trial balance as at 31 December 2008. Sara and Hassan Partners $ $ Trial Balance as at 31 December 2008 DR CR Office equipment (cost) 9,200 Motor vehicles (cost) 21,400 Provision for depreciation at 31 December 2007: Office Equipment 3,600 Motor vehicles 12,800 Inventory at 31 December 2007 38,410 Accounts receivable 41,940 Accounts payable 32,216 Bank 2.118 Cash 317 Sales 180,400 Purchases 136,680 Salaries 27,400 Office expenses 2,130 Discounts allowed 312 Partner current accounts Sara 7,382 Hassan 7,009 Partner capital accounts Sara 50,000 Hassan 20,000 Drawings 17,500 Hassan 16,000 313,407 313,407 Notes: 1. Inventory 31 December 2008 $41,312 2. Office expenses owed $240 3. Provide for depreciation - Motor vehicles 25% of cost, Office equipment 20% of cost 4. Charge interest on capitals at 5% 5. Charge interest on drawings: Sara- $300, Hassan- $200 Required Prepare a set of financial statements for the year ended 31 December 2008 for Sara and Hassan Partners You are required to prepare journal entries for additional informationote 2 & 3, then prepare a statement of profit or loss followed by a statement of financial position for the partnership based on the adjusted amount. Sara