Tom, Dick and Harry have had a business partnership for a number of years and share profits and losses in the ratio 2:2:1. The partnership was dissolved on 1 January 2019. The statement of financial position for the partnership as at 31 December 2018 was as follows: Additional information: i. The furniture and fittings and computer were sold for RM 40,000. ii. The motor vehicles were sold for RM 50,000 . iii. Only RM 15,000 of trade receivables were recovered. iv. The payables were settled for RM 20,000. v. The investment was realized only RM 26,000 vi. The loan was repaid in full on 31 December 2018. vii. There were no outstanding interest payments on the loan. viii. There were expenses incurred in dissolving the partnership of RM 1,000