(Total: 20 marks) QUESTION 3 Kinik Ibu & Anak Indah, a partnership between Aina and Abdul closes its annual accounts on 31 December. On 31 July 2021, Aina ceased to be a partner. The partnership's profit for the year ending 31 December 2021 of RM24,750 after taking into account the following: Remunerations including partners Office expenses Interest on partners capfal Depreciation Renovation Donation and Fee Notes: Notes RM 214,500 5,000 3,433 18,500 13,000 20,000 1. Included in the renovation is a renovation for Ana's bungalow amounted to RM4,650. The remaining balance was for office space expansion. 2. RM5,000 was a donation made by the partnership to approved institution on 20 June 2021. Additional information: Profit-sharing amangements up to 31 July are as follows: Capital contribution Salary (per annum) Interest on capital (2% per annum) Entertainment allowance (per month) Profe-sharing ratio Aina Abdul RM RM 90,000 90,000 56,000 56,000 1050 1050 300 450 04 06 On 1 August 2021. Budi joined the partnership and as from that date, the profit-sharing arrangements are as follows: Abd Budin Captal contribution RM90.000 RM70.000 Salary (per annum) RM40,000 RM32.500 Interest on capital per annum) 2% 2% Entertainment allowance (per month) Profit-sharing ratio RM500 RM300 065 0.35 CONFIDENTIAL ACUJAN 2022/TAX267/TEST During the year, Aina received a dividend of RM7,800 from Malaysian resident company. Budin made a cash donation of RM5,000 to Rumah Anak Yatim Makmur (an approved institution) on 15 July 2021. Capital allowance of RM42,800 for the year of assessment 2021. Required: a. Determine the divisible income of the partnership for the year of assessment 2021. (7 masks) b. Calculate the total income for Aina, Abdul and Budin for the year of assessment 2021. END OF QUESTION PAPER (Total 15 marks) (TOTAL: 50 MARKS)