The 22. End-of-year financial statements of a partnership Geeta, Henry and Irvin are in partnership sharing profits and losse Geeta 20% Henry 40%, Irvin 40%. The following trial balance was extracted from the business's books of account on 31 August 2018 the last day of the partnership's financial year. Trial balance at 31 August 2018 Dr I Cr S000 SOC Accounts payable Accounts receivable Bank overdraft Capital accounts: Geeta Henry Irvin Current accounts: Geeta Henry Irvin Discounts Drawings: Geeta Henry Irvin Furniture and equipment: Cost Provision for depreciation, 1 September 2017 General expenses Gross profit Insurance Inventory, 31 August 2018 Premises at cost Provision for doubtful debts, 1 September 2017 Wages and salaries 139 1356 135 Insurance, $3 itional information (in $000): urance, $3, was prepaid at 31 August 2018. ges and salaries due butunpaid totalled $12 at 31 August 2018. reciation of $66 should be provided on furniture and fittings at 20% per annum using the straight-line method. The provision for doubtful debts should be maintained at 5% of accounts receivable. The partnership agreement includes the following terms: Interest should be charged on drawings. For the year under review, the interest to be charged has been calculated as follows: Geeta $4000, Henry $5000, Irvin $7000. Geeta is entitled to receive a partnership salary of $28000 per annum. Partners are entitled to receive interest on capital at the rate of 10%. Prepare: a. an income statement (trading and profit and loss account) for the year ended 31 August 2018 b. an appropriation account for the year ended 31 August 2018 C. partners' current accounts d. a statement of financial position (balance sheet) at 31 August 2018, The statement of financial position (balance sheet) should show only the balances on the partners' current accounts at this date. la norformance of a partnership to the