1 net profits 184,800.

2 interest to be charged on capitals: 10%per annum

3interest to be charged on drawings: 12% per annum

4salaries to be credited:knox $22,000;lamb $28,000

5 profits to be shared cole 55% knox25% lamb20%

6 current accounts .cole $18,000;knox $8000 lamb $6000

7capital accounts: colele $60000 knox $45000 lamb $35000

8drawings coe27000 knox23000 lamb17000