(Distribution of Profits). Shaun and Margan entered into partnership with a capital contribution of $ 1,20,000 and $ 40,000 respectively as on 1.4.2014. The net profit earned during the year 2014-15 (before taking into consideration the clauses of partnership deed) was $ 48,000. Partnership Deed provided that: (a) Shaun is entitled to a Salary of $ 12,000 per annum. (b) Interest on capital to be allowed to the partners @ 6% per annum. (c) Partners draw $500 and $ 400 per month from the firm as drawings. Prepare the Profit and Loss Appropriation Account and Partners' Capital Account in the following cases: (1) When Partners' Capitals are fixed. (2) When Partners' Capitals are fluctuating