JD Partners was formed on 1 October 2011. Jodie invested $150,000 and David invested $100,000. The partnership agreement contained the following provisions: Salaries are paid on the basis of $65,000 to Jodie and $60,000 to David. Interest on drawings and advances are charged at 6% per annum. Residual profits are divided proportionately on the basis of the partners' initial capital contribution. Other information: On 1 January David advanced $20,000 to the partnership. Both partners withdrew capital in anticipation of profits: Jodie (1 March 2012) $8,600 $12,000 David (30 April 2012) Net Profit at 30 June 2012 amounted to $147,000. Required: a) Prepare a schedule showing the distribution of profit to each partner (round to the nearest dollar) b) Prepare the Equity section of the Balance Sheet using fixed capital accounts.