Prepare the current accounts of Dean and Summit for the year ended 31 December 2015 . Balance the accounts and bring down the balance on 1 January 2016

Dean and Sumit have been in partnership for some years running a manuf business. Dean receives a salary of R70 000 a year from the partnership. Interest on paid at the rate of 10% and profits are split in the ratio of 3:2. The partners agreement also provided for interest on drawings. On 1 January 2015 , their balances were as follows: The following further information was available for the year ended 31Dec Profit for the year R640000