Tutorial Question are in partnership and the trial balance extracted from their books on 31 March chong and Menga 12 is shown below Dr (RM) Cr (RM) 5,000 5,000 400 200 600 1,000 Particulars Capital Account: Khang Hens Current Account: Khng Heng Drawings: Khong Heng Purchases and Sales Wages Insurance Discount Other expenses Debtors and Creditors Provision for doubtful debts Stock at 1 April 2011 Cash at bank 16,000 80 120 60 140 4,000 3,500 150 1,800 11,410 30,130 30,130 Additional Information: 1 il. lil Stock at 31 March 2012 is RM2,500. Provision for doubtful debt is to increase to RM200. Wages outstanding at 31 March 2012 is RM400. Interest on capital is allowed at 5% per annum and interest on drawings is charged at 8% per annum. Khong is entitled to a salary of RM1,000 per annum and Heng RM2,000 PER ANNUM. The profit sharing ratio is Khong 2/3 and Heng 1/3. V. Required: Prepare the following: 2. Income Statement Profit and Loss Appropriation Account Balance Sheet