A and B are partners. Assume that the partnership's net income in the current year is 340800. The partnership agreement states as follows:

Partners are entitled to a Salary of : A - $45,000; B - $38,000

Interest on Capital: A - $7,000; B - $6,000

Interest charged on drawings: A $2,500; B - $1,800

The Partners share profits and losses as follows: A: 60%; B: 40%

Complete the multiple spaces below to calculate the Taxable Income of each partner. Just state the figure without any commas, full stops or dollar signs. If the figure is a negative, show it in brackets, eg (3000).

A and B are partners. Assume that the partnership's net income in the current year is 340800. The partnership agreement states as follows: Partners are entitled to a Salary of : A $45,000;B$38,000 Interest on Capital: A - \$7,000; B - \$6,000 Interest charged on drawings: A - $2,500; B $1,800 The Partners share profits and losses as follows: A: 60%; B: 40% Complete the multiple spaces below to calculate the Taxable Income of each partner. Just state the figure without any commas, full stops or dollar signs. If the figure is a negative, show it in brackets, eg (3000)