Pitso and Steve are partners operating a business Topclass Pro Services. The information that follows is relevant to the business activities of the partnership for the year ended 30 June 2022. Pitso and Steve share in profits and losses in the ratio of 3:2 respectively. Topclass Pro Services Extract of relevant account balances as at 30 June 2022 Debit R Credit R Capital: Pitso Capital: Steve Current account: Pitso: balance at 1 July 2021 Current account: Steve: balance at 1 July 2021 Drawings for the year: Pitso Drawings for the year: Steve Long term loan from Pitso Salaries paid to partners during the year: Pitso Steve Profit for the year before taking the any of the additional information into account 76 600 68 310 43 470 144 000 126 000 270 000 270 000 52 900 110 000 765 500 Additional information: The following has been extracted from the partnership agreement: 1. Interest must be calculated and recorded at the following rates at the end of each financial period. All interest must be processed through the current accounts of the partners. Interest rates are as follows: 1.1 Interest on capital must be calculated at 10% per year, 1.2 Interest at 10% per year on current account balances at beginning of the year, 1.3 Interest on drawings accounts balances has been calculated as follows: Pitso R4 500 Steve R2 900