John, David and Cathy formed a partnership. Their partnership is called JDC Partnership Pty Ltd. The invested as follows:

John: $66,500

David: $95,000

Cathy: $10,000

 During the first year of the reporting period (1 July 2012 - 30 June 2013), their company made $70,000 profit.

How each partner will receive  if 

1. Divide the profit equally
2. Divide the profit in proportionate to their investment