From the following particulars of partners David and John who were sharing profits in the ratio of 2:3 prepare Capital Accounts: David John Capital on 1 Jan 2011 $70,000 $50,000 Drawings $700 per month $500 per month (Drawn on 1st day of the (Drawn on last day of every month) Interest on Loan $ 5,000 Interest on Capital @ 5%p.a ? Interest on Drawings @ 8%p.a ? the every month) $8,000 ? ? Profit share of 2011 $30,000 $35000