Part I. (20 Points). Use the following information for questions 1, and 2. 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. Luqman is entitled to a bonus of 5% after deduction of the bonus. Partners' drawings are not used in determining the average capital balances. Total net income for 2020 is $126,000. Luqman $100,000 18,000 Pidris $120,000 18,000 January 1 capital balances Yearly drawings ($1,500 a month) Permanent withdrawals of capital: July 1 June 1 Additional investments of capital: August 1 November 1 (15,000) (20,000) 40,000 50,000 1. What is the weighted average capital for Luqman and Pidris in 2020? (6 points) 2. What will be the final profit allocations for Luqman and Pidris in 2020? (6 points)