Current Attempt in Progress

The Wildhorse Partnership reported profit of $$61,200$ for the year ended February $29,2024.$ Salary allowances are $$45,900$ for $H.$

Jackson and $$25,500$ for $$.$ Martin. Interest allowances of $5\%$ are calculated on each partner's opening capital account balance. Capital

account balances at March $1,2023,$ were as follows: H$.$ Jackson $$73,000($Cr$.)$ and S$.$ Martin $$48,000($Cr$.).$ Any remainder is shared

equally.

Calculate the division of profit to each partner.

H$.$ Jackson

S$.$ Martin

Profit allocated to partners $

$

Attempts: $0$ of $1$ used