Blanche, Rose and Dorothy own and run a small hotel in partnership. They share profits and losses equally. The receive interest on their capital accounts at 20% on the balance of each partner at the end of the financial year. The summarized trading account for the hotel at 31 December 2015 was as follows:

$'000 $'000

Income 14 000

Less Expenses

Wages, salaries & related expense 4 200

Food, beverages, consumable stores 2 100

Security & Office Supplies 1 100

Motor vehicle expenses 700

General expenses 150

Utilities (light ,water, phone) 275

Hotel insurance 325

bank charhes and interest 300

Depreciation 275

Total expense 9 425

Net Profit 4 575

Other Information

A. The adjusted tax loss carried forward from 2o14 was $816 000.

B. The partner’s salary allowances and interest are as given in the appropriation account.

C. Included in general expenses is the amount of $42 000 for subscriptions and donation. A breakdown of the subscriptions and donation is as follows:

i. $20 000 donations to a church and school event not on the approved charity listing of Jamaica.

ii. $22 000 magazine and service club subscriptions

D. The partnership paid motor vehicle expenses for the cars owed by the partners as follows: Blanche - $60 000; Rose - $ 72 000; Dorothy - $24 000. These amounts are included in the hotel’s motor vehicle expenses. It is estimated that they use the car 75% of the time for business purposes.

E. The capital allowance for the year of assessment 2015 are $174 000.

Require

Show each partner’s share of profit for taxation purposes.