Liono and Tigra are partners in a hardware business in Kuala Lumpur. They are sharing profits and losses in the ratio of 3:2, respectively. Their capital contributions were RM21,000 and RM19,600, respectively. After several years of economic downturn, they are of the view that demand for hardware in the country may pick up tremendously in the near future. In view of this, they expanded their business by admitting Pentron as their new partner on 1 January 2021. Pentron agreed to contribute RM33,600 as his share of the capital. The business made profits of RM5,040, RM6,720, RM7,770 and RM8,190 over the last four years. Three of the partners agreed to compute the goodwill by taking three times the net average net profit over the last four years. Required (a) Compute the goodwill for the business; (b) Prepare the capital accounts for Liono, Tigra and Pentron, assuming goodwill is to be kept in the books of the partnership; and (c) If the goodwill is to be written-off in the business, compute Pentron's share of the goodwill, assuming he is to share 1:5 of the goodwill.

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