X,Y and Z were partners for many years, sharing profits and losses in the ratio 2:1:1. They decided to dissolve the partnership on August 30, 2022. The crimmarizad atstamant af finsonaisl nncition st that data 'NaS: The following information is available: 1. X assumed some of the machinery at an agreed value of $80,000. The remaining machinery realized $900,000. 2. Receivables were settled after allowing a 5% discount. 3. Payables were settled in full after deducting a 2% discount. 4. Buildings and Furniture and fixtures were sold for $3,000,000 and $550,000 respectively. 5. Inventory was sold at a loss of $20,000. 6. Dissolution expenses amounted to $8,000 X,Y and Z were partners for many years, sharing profits and losses in the ratio 2:1:1. They decided to dissolve the partnership on August 30, 2022. The was: The following information is available: 1. X assumed some of the machinery at an agreed value of $80,000. The remaining machinery realized $900,000. 2. Receivables were settled after allowing a 5% discount. 3. Payables were settled in full after deducting a 2% discount. 4. Buildings and Furniture and fixtures were sold for $3,000,000 and $550,000 respectively. 5. Inventory was sold at a loss of $20,000. 6. Dissolution expenses amounted to $8,000 Required a) Prepare the following accounts: i. Realization ii. Capital iii. Bank