Question 3 ICLO 3] On 1 January 2017, Haleem and Malik entered into a partnership contributing $1000,000 and $500,000 respectively and sharing profits in the ratio of 2:1. Malik is allowed a salary of $90,000 per year. Interest on capital is allowed at 8% per annum. Haleem is entitled to receive a commission of $60,000. During the year, Malik withdrew $100,000 and Haleem $50,000, interest on the same being 9% per annum. Profit in 2017 before the above mentioned adjustments was $300,000. You are required to prepare the Profit and Loss Appropriation Account and the partners' Capital Accounts of Haleem and Malik