SECTIONB ANSWER QUESTION 2 OR QUESTION 3 ANSWER QUESTION 4 -COMPULSORY (TOTAL = 4 marks) Question #2 (20 marks) CLO 4 Dave and Carla are partners for a book store business in whch they share profits and losses equally The partners' balances on the capital and curent accounts at the year anded December 31, 2020 were as follows: Partners Capital Account Current Account $ $ 240,000 23,000 DR Carla 160,000 65,000 CR Dave Notes: During the year, Dave had drawings amounting to $150,000 and Carla $190,000. Carlareceived a partnership salary of $50,000 for extra duties performed in the business The net profit of the partnership, before taking any of the above into account was $450,000 Interest allowed on the capital account at the rate of 10% per anemi, and interest to be charged on drawing at 10% Required: 4) The Profit & Lost Appropriation Account of the partnership for the year ended December 31, 2020 (9 marker) b) The current account for the period ended December 31, 2020 (2.5 marks) Each partner's capital account as at January 1, 2020 mark a) Briefly explain the balance on each partner's account (1.5 marke