Calibri (Body) 17 A A 29 Wrap Text BI UV Merge & Center X V Ax B C D G Question 6 Gordon and Scott are in the partnership Gippsland Insurance Brokers. The balances of their respective capital accounts on 1 July 2017 are as follows: Gordon: $90,000 . Scott: $60,000 The partnership agreement provides for the following terms for distributing profit: . Salaries of $40,000 for Gordon and $35,000 for Scott. . Interest of 10% p.a. on capital balances at the beginning of the year . Remaining profit/loss allocated equally. Required: a. Prepare a schedule showing the division of partnership profit between the two partners for the year ended 30 June 2018 whereprofit was $100,000. b. Prepare the general journal entry to close the partnership profit from a profit and loss summary account to Gordon and Scott's current accounts. Narrations are not necessary