Truckers Ltd bought two turbo-charged trucks from Freighters under a hire purchase agreement on 1 January 2008. Under the agreement, Truckers Ltd was to pay an initial deposit of 20% of the cash price upon delivery and the remainder was to be paid in five instalments on 31 December of each year. The true rate of interest on the outstanding balance was 20%. The cash price component of each instalment for each truck was agreed at GHS 60,000.00, GHS 50,000.00, GHS 40,000.00, GHS 30,000.00 and GHS 20,000.00 for 2008, 2009, 2010, 2011 and 2012 respectively. Each truck cost Freighters GHS180,000.00. Required a. Copy and complete the particulars in the table below for the 5 instalments. d Cash Portion Balance of Cash Price H P Interest Cash Portion Instalment Provision Instalment At start At end GHS000 GHS000 GHS000 d- e- GHS'000 fo GHS'000 GHS000 1 2 3 4 (11 marks) b. Determine i. the cash price ii. the deposit, and iii. the margin on sale. c. In the books of Truckers Ltd, show i. Freighters Account ii. Hire Purchase Interest Payable Account, and in the books of Freighters show iii. Provision for Unrealised Profit Account iv. Hire Purchase Trading Account for 2008 and 2009 v. Truckers Ltd (Truckers Ltd does not keep the H P Interest Payable Suspense Account)