Luqman and Pidris share profits and losses equally. Luqman and Pidris receive salary allowances of $20,000 and $30,000, respectively, and both partners receive 10% interest on their average capital balances. Pidris is entitled to a bonus of 10% after deduction of bonus. Partners' drawings are not used in determining the average capital balances. Total net income for 2020 is $275,000. Luqman $100,000 18,000 Pidris 120,000 18,000 January 1 capital balances Yearly drawings ($1,500 a month) Permanent withdrawals of capital: June 1 May 1 Additional investments of capital: July 1 October 1 _(12,000) (15,000) 50,000 60,000 a. What is the weighted-average capital for Luqman and Pidris in 2020? (10 Points) b. What will be the final profit allocations for Luqman and Pidris in 2020? (16 points)