Angus, Callum, and Ellie formed a partnership by investing $60,000, $70,000 and $100,000 respectively. They agreed to share profits and losses as follows: Angus and Callum receive a salary of $30,000 and $20,000 respectively 10% interest on beginning capital balances Residual profits are shared 12 Angus , 74 Callum, and 14 Ellie . Required: Determine the division of net profit or loss assuming a net profit of $250,000 for the year ended 30 June 2020