Edna, Enid and Eric are in partnership. Their profit-sharing agreement is:

(a) Partners’ salaries are Edna £12,000, Enid £14,000, Eric £5,000.

(b) Each partner is entitled to interest on capital calculated at 4% per annum.

The partners’ fixed capitals are Edna £32,000, Enid £17,500, Eric £5,000.

(c) Remaining profits are to be shared in the ratio 4:3:1.

(d) Eric is guaranteed a minimum allocation of profit (including interest on capital and partner's salary) of £12,500 per annum. Any deficiency will be made up by the remaining partners in their profit-sharing ratio.

In the year to 31 December 1999, the partnership net profit is £87,220. Show how this profit will be divided between the partners.