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Alpha and Omega, partners, have been in the business of accounting services. For the accounting period ended July 31, 2022, the following information was

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Alpha and Omega, partners, have been in the business of accounting services. For the accounting period ended July 31, 2022, the following information was provided: Alpha's capital Omega's capital Omega's salary Alpha's drawings Omega's drawings Alpha's interest on capital Omega's interest on capital Alpha's interest on drawings Omega's interest on drawings $360,000 $240,000 $2,500 per month (from January 1, 2022) $20,000 $25,000 10% 10% 5% 5% Net profit for the period ended July 31, 2022 - $53,250. There is no profit sharing ratio. Calculate the profit or loss apportioned to each partner.

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