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Alex and Becky commenced a partnership under the name and style Lexy enterprises on 1 st January 2 0 2 3 . They contributed sh

Alex and Becky commenced a partnership under the name and style Lexy enterprises on 1st January 2023. They contributed sh.800000 and sh.480000 as capital respectively.The following additional information is providedThe firms net profit for the year was Sh.320840Alex and Becky were paid salaries amounting to sh.100000 and sh 70000respectively. Their drawings amounted to sh.13000 and sh.16400respectivelyInterest on capital is to be allowed at 10% per year.Profits and losses are to be shared equally.Required use the above information to computeCompute the interest on capital Alex will earn

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