Eddie, Fredie and Girly, with capital balances of £300,000  £200,000 and £200,000, are in partnership, sharing profits and losses in the ratio 2:2:1 respectively, after allowing Girly a salary of £1,500 per month, and all partners interest at 8% per annum on their capital account balances. Rent is payable to Girly at £3,000 per month. Profit for the year ended 30 June 2012, without deducting rent, has been calculated at £104,000. Identify the partnership profit each partner would be entitled to in respect of the year ended 30 June 2012.

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Eddie a £21,600 b £21,600 c £26,400 d £12,000 Fredie Girly £13,600 £32,800 £13,600 £68,800 £18,400 £35,200 £12,000 £6,000