(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 201415 (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