The three partners of Joy Trading, namely Johan, Oscar and Yong agreed to share profits and losses of the partnership in a ratio of 4:3:1. Due to various disagreements amongst the partners, they decided to dissolve the partnership on 31 March 2022. The balance sheet of the partnership as at 31 March 2022 is as follows: Non-Current Assets: Plant and Machinery Motor vehicle Furniture and Fittings Current Assets: Balance Sheet as at 31 March 2022 RM RM 165,000 110,000 25,000 300,000 Inventories Debtors Bank 115,000 185,000 18,000 318,000 Current Liability: Creditors (57,600) 260,400 560,400 Capital: Johan Oscar Yong 340,000 290,000 (69,600) 560,400