SIX The following trial balance has been extracted from the books of Gum and Mum as at 31 March 2021; Gum and Mum are in partnership sharing profits and losses in the ratio 3 to 2: Capital accounts: Gum Mum Cash at bank Accounts payable Current accounts: Gum Mum K K 10,000 5,000 1,550 500 1,000 2,000 Accounts receivable 2,000 Depreciation: Fixtures 1,000 Motor vehicles 1,000 Fixtures and fittings 2,000 Land and Buildings 30,000 Motor vehicles Net profit (for the year to 31 March 2021 Inventory at cost 4,500 26,250 3,000 K45,050 K45,050 In appropriating the net profit for the year, it has been agreed that Mum should be entitled to a salary of K9,750. Each partner is also entitled to interest on his opening capital account balance at the rate of 10 per cent per annum. Gum and Mum have decided to convert the partnership into a limited company, Plain Limited, as from 1 April 2021.. The company is to take over all the assets of the partnership, except that Gum is to retain for personal use one of the motor vehicles at an agreed transfer price of K1,000. The purchase consideration will consist of 40,000 ordinary shares of K1 each in Plain Limited, to be divided between the partners in profit-sharing ratio. Any balance on the partners' current accounts is to be settled in cash. REQUIRED: To prepare the main ledger accounts of the partnership in order to close off the books as at 31 March 2021