Question ABert and Ernie $($Party Planners$)$Bert and Ernie have a partnership and are equal partners running a business as party planners and event co$-$ordinators focusing on children's parties and events.They provide a complete service including arranging the food, decorations, entertainment and party goods. They also hired out some of their equipment when it was not being used in their own business.The accounts of Bert and Ernie for the year ended $30$ June $2024$ are as follows:ReceiptsCash banked in respect of parties planned and hosted$321000$This included $$11,250$ which was from parties completed last financial year. Functions which were completed in the current year but not yet paid total $$7,800.$Hire of equipmentInterest on drawings $($$$340$ for Bert and $$170$ for Ernie$)$Interest received$32,4005101,350$ExpenditurePurchases$63,240$Staff salaries $($this amount included $$19,000$ paid to Bert's cousin, Bob, who works part$-$time and gets paid $$4,000$ more than a non$-$related employee who works the same hours doing a similar job$)$Staff superannuationProvision for annual leaveSalaries for Bert and Ernie $($$$60,000$ for Bert and $$40,000$ for Ernie$)$Superannuation for Bert and Ernie $($$$5,400$ for Bert and $$3,600$ for Ernie$)$Interest on capital $($$$790$ for Bert and $$540$ for Ernie$)$ Repair of a bouncy castlePurchase of a bubble machineLegal fees$92,0008,2807,080100,0009,0001,3308906402,500$