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Manu, Harry, and Ali are partners in a firm sharing profit and losses equally. Harry and Ali withdraw certain amounts from the firm for their

Manu, Harry, and Ali are partners in a firm sharing profit and losses equally. Harry and Ali withdraw certain amounts from the firm for their personal use during the period of 2019-2
Date Harry ($) Ali ($)
April 1,20195,0007,000
July 1,20198,0004,000
December 1,20195,0005,000
March 1,20204,0009,000
Calculate the interest on drawings if the interest to be charged is 10% and the books are closed on December 31 every year.
Required
a) Calculate the amount of interest Harry must pay on his drawings.
b) Calculate the amount of interest Ali must pay on his drawings.
c) Show the total amount of interest on Harrys drawings.
d) Show the total amount of interest on Alis drawings.
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If your solution is negative instead of using brackets mark it with a minus (-) sign.
(%) sign should not be added in final values.
Add the final values in 2 decimal places only.
No units should be mentioned in final values. give the values

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