(Interest on Capital). P. Q and are the three partners of a business On 31 December 2012 after all the necessary adjustments, the capital account of P. Q and R stood as $50000, $30000, $20,000, respectively. It was discovered that interest on capital @ 5% per annum had been omitted. The profit for the same year amounted to $70,000 and the partner's drawings had been $10,000, $7500, and $4500, respectively for P. Q and R. The profit sharing ratio for P: Q: R is 4:1:2. Calculate the Interest on Capitals