The Love Flower Partnership, owned by Ms. Flower and Mrs Love, is a baby toy manufacturer. On September 2021, the companys accountants resigned abruptly. To find out the company's performance, Ms Flower and Mrs Love have asked one of the inexperienced account executives, Mr. Bakat to prepare the Company's income statement for September 2021. The following is the income statement prepared by him:

FLOWERS LOVE PARTNERSHIP

Income Statement for the Month Ended 31 September 2021

	RM	RM
Sales (net)		80,000
Minus: Operation expenses
Purchasing Raw Material	18,000
Direct Labour Cost	12,000
Advertising expenses	5,000
Salary for Sales & Admin	8,000
Salary for Partner	10,000
Factory Rental	5,500
Depreciation of Office Equipment	1,200
Depreciation of Factory Equipment	3,500
Indirect Labour Cost	7,000
Utility expenses	2,000
Insurance expenses	3,000	75,200
Net Profit		4,800

Ms Flower and Mrs Love came to see you to examine the income statement because they feel that the statement provided is inaccurate. After examining other accounting information, you have found the following additional information:

Inventory balance at beginning and end of September 2021:

	01-Sep	30-Sep
Inventory	(RM)	(RM)
Raw Material	3,200	2,900
Work in progress	3,700	3,300
Finished goods	6,000	5,800

Only 40% of utility expenses and 20% of the insurance expenses are used by the office, while the balance must be charged to manufacturing activities.

The partnership agreement between Ms. Flower and Mrs. Love is as follows:

1. Each partner receives a salary of RM5,000 per month. September salaries have not been paid.
2. The partners will receive 12% per annum interest on the initial capital balance.
3. Profit or loss is shared equally.

Variable capital methods are used to record partner capital. Capital balance as of 1 September 2021:

Miss Flower RM 40,000

Mrs Love 35,000

Drawing for September 2021:

Miss Flower RM 2,000

Mrs Love 1,500

Required:

1. For Flower Love Partnership, prepare for the month ended 30 September 2021:
   1. Statement of cost of goods manufactured
   2. The correct income statement (up to net profit)
   3. Schedule of profit and loss distribution
   4. Partner's capital statement

2. If the Flower Love Partnership uses a fixed capital method, prepare a closing entry to record profit and drawing distribution on 30 September 2021.