The following trial balance has been extracted from the books of W$,$ F and M on $31/12/2022$

Debit Credit

K K

Fixecapital

W $10,000$

F $8,000$

M $6,000$

Current accounts

W $4,000$

F $500$

M $2,000$

Long$-$term loans $5,000$

Plant and equipment $15,000$

Vehicles $8,000$

Debtors $29,000$

Creditors $12,000$

Stock at $1/1/202215,500$

Bank $3,000$

Sales $250,000$

Wages $50,000$

Purchases $125,000$

Rent and rates $5,000$

Other costs $35,000$

Salaries

W $6,000$

F $3,000$

M $2,000$

$297,000297,000$

The following information is also available:

$($a$)$ The profit sharing ratio is $3$:$2$:$1$ for W$,$ f and m respectively

$($b$)$ All assets are to be depreciated by $20\%.$

$($c$)$ Closing stock has a value of K$18,000.$

$($d$)$ All capital transactions are to be conducted through the partners$$current accounts.

$($e$)$ At the year end, the partners agreed to increase each fixed capital account by $10\%$ by

transfereing funds from their current accounts.

REQUIRED:

Prepare the financial accounts of the partnership for the year to $31/12/2022.$