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please show work. Luqman and Pidris share profits and losses equally. Luqman and Pidris receive salary allowances of $20,000 and $30,000, respectively, and both partners

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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 Pidris January 1 capital balances $100,000 120,000 Yearly drawings ($1,500 a month) 18,000 18,000 Permanent withdrawals of capital: June 1 _(12,000) May 1 (15,000) Additional investments of capital: July 1 50,000 October 1 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)

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