Do it fast you can please

ed, Ginger and Frank decided to form a partnership, Disco Dance School, as at 1 July 2020. The partnership agreement sets out the following terms:

• Fred is to contribute $40,000 Cash, $25,000 of Music Equipment - the fair value of which was $20,000, and Notes Payable of $10,000.
• Ginger is to contribute $50,000 Cash and act as Manager for the Dance School at an annual salary of $32,000 to be allocated to her at the end of each year.
• Frank is to contribute Land and Buildings valued at $650,000 and Furniture and Fittings of $80,000. A Mortgage of $200,000 secured over the Land and Buildings was outstanding and the partnership agreed to assume the Mortgage.
• Profits or losses of the firm are to be divided between or borne by Fred, Ginger and Frank in the proportion of 2:1:3 respectively.
• Interest for the period is to be allowed at 10% p.a. on the capital contribution by the partners. Interest is not to be charged on partners drawings.

Required

a) Prepare journal entries necessary to open the records of the partnership.

b) Assuming in the first year that the partnership makes a profit of $212,000, prepare the journal entries to record the distribution of profit to each partner for the year ended 30 June 2021. Retained Earnings accounts are NOT used.

Ignore GST and Narrations are NOT required.