QUESTION THREE [20] 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 2020. 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 2020 Debit Credit R R Capital: Pitso 270 000 Capital: Steve 270 000 Current account: Pitso: balance at 1 July 2019 76 600 Current account: Steve: balance at 1 July 2019 52 900 Drawings for the year: Pitso 68 310 Drawings for the year: Steve 43 470 Long term loan from Pitso 110 000 Salaries paid to partners during the year: Pitso 144 000 Steve 126 000 Profit for the year - before taking the any of the additional 765 500 information into account