Hajia and Ibrahim are partners in HI Trading Company, a Kano-based wholesale distribution business, sharing profits and losses in the ratio 3:2 respectively. The following trial balance was extracted from their books as at 31 March 2024: Account Dr (N) Cr (N) Capital Account - Hajia 400,000 Capital Account - Ibrahim 250,000 Current Account - Hajia 35,000 Current Account - Ibrahim 18,000 Drawings - Hajia 120,000 Drawings - Ibrahim 80,000 Inventory (1 April 2023) 310,000 Purchases 950,000 Sales 1,680,000 Returns Inwards 25,000 Returns Outwards 18,000 Carriage on Purchases 12,000 Salaries and Wages 210,000 Rent and Rates 60,000 Motor Vehicle (Cost) 300,000 Accumulated Depreciation - Motor Vehicle 90,000 Furniture and Fittings (Cost) 180,000 Accumulated Depreciation - Furniture 36,000 Trade Receivables 240,000 Trade Payables 175,000 Cash and Bank 79,000 Other Operating Expenses 100,000 TOTAL 2,684,000 2,684,000 Additional information: 1. Closing inventory at 31 March 2024 was N280,000. 2. Salaries and wages include a salary of N30,000 per annum for Hajia as managing partner, as agreed in the partnership deed. 3. Depreciation is to be charged as follows: Motor Vehicle at 20% per annum on cost; Furniture and Fittings at 10% per annum on cost. 4. Rent prepaid at 31 March 2024 amounted to N5,000. 5. Other operating expenses accrued at 31 March 2024 amounted to N8,000. 6. Interest on capital is allowed at 6% per annum. 7. Interest on drawings: Hajia N6,000; Ibrahim N4,000. Required: (a) Prepare the Trading and Profit and Loss Account for the year ended 31 March 2024. (10 marks) (b) Prepare the Profit and Loss Appropriation Account for the year ended 31 March 2024. (8 marks) (c) Prepare the Balance Sheet as at 31 March 2024, showing clearly the partners' equity section. (12 marks) Total: 30 marks