SECTION A

$[100$ MARKS$]$

Answer ALL the questions in this section.

QUESTION $1$

Marks$)$

Mark is a sole proprietor of a stationery business. On $1$ June $2020$ he entered into a partnership agreement with James. As per the agreement the partners will share profits and losses on a $50$:$50$ basis. In the $2022$ year of assessment, the partnership had the following income and expenses:

$\backslash$table$[[$Income$,855000$