Kabir, Peter and Junaid started a law firm in 2021.

The followings were their transactions for the year 2021

1. Kabir invested $150,000; Peter deposited $80,000 into business bank account while Junaid's capital was $70,000.
2. They were successful in their first year and made a profit of $65,000 which they agreed to distribute in the ratio of 5:3:2.
3. During the year, Kabir withdrew $1,000, Peter had no dawrings while Junaid's withdrawals were $800