2. Matt and Felix are in partnership, sharing profits and losses in the ratio 4:3. They have agreed on the following in the partnership agreement: Matt is entitled to a salary of $30,000; Felix is entitled to a salary of $25,000; Interest on capital is 8% per annum, based on the partners' capital balances at the sta the financial year; Interest is charged at a rate of 10% per annum on the partners' drawings. At 1 April 2019, the partners' capital and current account balances were: Matt Felix OF Capital $50,500 (credit) $32,800 (credit) Current $1,890 (debit) $4,750 (credit) During the year to 31 March 2020: Matt's drawings were $22,500 Felix's drawings were $25,000 The net profit for the year was $56,955. Required: (a) Calculate the profit attributable to each partner for the year to 31 March 2020. (9 marks) (b) Prepare the partners' current accounts for the year to 31 March 2020. (6 marks) (e) Show the extracts of statement of financial position for the partnership as at 31 March 2020. (5 marks) NE NTIN PROPER 31C Mostly