John, Lee and Tony are in partnership, preparing accounts to 31 October each year. Their partnership agreement states that: (i) The partners are entitled to 5% per annum interest on their opening capital accounts. No interest is allowed (or charged) on current account balances. John RM50,000 Lee RM30,000 Tony RM10,000 5/- 5 (ii) Interest is charged on the partners' drawings at 7% per annum. Their drawings during the year to 31 October 2022 were as follows: John RM30,000 Lee RM20,000 Tony RM3,000 (iii) Partners' annual salaries are RM6,000 and RM 12,000 for Lee and Tony respectively. (iv) Remaining profits and losses are shared between John, Lee and Tony in the ratio of 5:4:1. (v) The partnership's net profit for the year to 31 October 2021 is RM81,961.