The balance of the Gold Partnership account shows the following positions as of October 31, 2020: RM RM Capital account Ezlan 60,000 5 Milzan Ai Zan Evaluation Current account Ezlan Milzan Ai Zan Evaluation Permanent title property Inventory Plant and equipment- Accounts payable Accounts receivable Loan Cash Undistributed profits 3.500 85,000 35,000 142.000 76.500 62.750 404,750 50,000 40,000 40,000 5,500 4,000 3,250 70,000 50,000 82,000 404,750 Additional information: 1) Gold Partnership is jointly owned by Eizlan, Mirzan, Aizan and Siran. Each partner contributes RM40, 000 to start a business. 2) Eizlan and Mirzan have been actively involved in business management since their establishment, while Aizan and Siran only contribute. 3) On January 1, 2020, Eizlan and Mirzan brought cash as an additional contribution to the business. On the same day, Aizan also provided a loan of RM 50,000 to the partnership. The loan is expected to be repaid in five years. The interest on the current loan has not been recorded. 4) The partnership agreement stipulates the following contents: Each active partner is entitled to a monthly salary of RM2, 000 The interest on capital is 8% per year The partner's loan interest rate is 6% per year The profit and loss sharing ratio between Eizlan: Mirzan: Aizan: Siran is 5: 4: 3:3 W Requirements: Requirements: a) Explain why Mirzan's current account has a debit balance. k b) Identify additional funds donated by Eizlan and Mirzan. c) Prepare 1. Profit and loss segregated account for the year ended October 31, 2020 ii. Current accounts of partners as of October 31, 2020 Partner's capital account as of October 31, 2020 Statement of financial position as at 31 October 2020 111 iv