Martin and RAYN are in partnership with capitals of $28,000 and $14,000 respectively, sharing profits and losses in the ratio of 2: 1. Interest on capital at 5% per annum and a salary of $2,800 per annum are available to RAYN. Due to ill-health, Martin ceased to take active part in the business with effect from January 1, 1998, and following terms were agreed upon: (1) The manager, John, shall be taken as a partner with a capital of $5,000, and be entitled to a salary of $5,250 per annum. Any excess over $2,800 (the salary received by him as manager) is to be borne by Martin personally. (2) RAYN shall get a salary of $3,500 per annum. (3) John shall be entitled to 1/10 share of profits and losses after charging interest on capitals and partners' salaries. (4) Interest on capitals shall be allowed at 5% per annum. The Net Profits for the year ended December 31, 1998, was $22,400 before charging interest on capital and partners' Salaries. Show the division of profits for the year 1998 between the partners.