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Question 1 Study the scenario and complete the question that follow. Gerald and Kim are in a partnership that has been in business for several years. The following was agreed upon by the partners and is within their written partnership agreement: 1. Gerald and Kim share profits and losses in the ratio of 1:3 respectively 2. Interest at 4% per annum must be allowed on capital and current accounts. The balances at the beginning of the year must be used when calculating interest. 3. Partners are to be charged 5% per annum interest on drawings. The balances at the end of the year must be used for calculating interest. 4. Gerald is an active partner in the business and receives a salary of R120 per annum, which must be credited to his account at the end of each year The following balances appeared in the partnership books as at 31 March 2022: Capital accounts: Gerald: R5 000 Kim: R15 000 Current accounts: Gerald: R1 000 (credit balance) Kim: R2 000 (credit balance) - Drawings taken by Gerald and Kim during the year ended 31 March 2023 were R500 and R800, respectively. - The partnership made a profit of R 3800 during the year ended 31 March 2023. Source: Chizondo, C. 2022. Prepare separate current accounts for the two partners in the General ledger for the year ending 31 March 2023. (20 Marks)