Let's try the following question: Exercise 1 Iman, Izzul and Thraz run a partnership business by sharing profit or loss in the ratio of 3:2:1 The partnership agreement states the following consitions: i. All partners are entitled to interest at 8% per annum on their opening capital while interest is charged on partners' drawings at the rate of 5% per annum. li. Iman and Izzul are to receive a salary of RM200 and RM120 per month respectively. During the year ended 31 December 2015 the net profit of the firm was RM9,680. The partners' drawing were as follows Iman RM1,100 (1 July 2015) Izzul RM900 (1 July 2015) Ihraz RM700 (1 July 2015) Ihraz has been guaranteed a minimum profit of RM1,000. The difference will be borne by the rest of the partners equally. On 31 October 2015 the firm agreed that Iman should withdraw RM1,000 from his capital account for some personal family needs and lhraz should contribute a similar amount to his capital account. The balances on the partner' accounts at 1 January 2015 were as follows: Capital accounts (RM) Current accounts (RM) Iman 10,000 3,500 Izzu 8,000 2,800 | Ihraz 5,000 1,700 Required: For the year ended 31 December 2015, prepare the followings: a. Profit Appropriation Statement. b. Partner's Current Statement (in columnar form). c. Partner's Capital Statement (in columnar form)