Soru

Kofi and Ama are partners sharing profits and losses in the ratio $3:2$. On the dissolution of their partnership, the book values of the assets transferred to the Realization Account were: Buildings ₦$150,000$, Plant and Machinery ₦$80,000$, Debtors ₦$50,000$, and Stock ₦$30,000$. The assets were realized as follows: Buildings ₦$180,000$, Plant and Machinery ₦$70,000$, Debtors ₦$45,000$, and Stock ₦$25,000$. Dissolution expenses of ₦$6,000$ were paid. What is Kofi's share of the profit on realization in Naira?