Scenario Tom and Jerry carry on a partnership together with gross receipts for the current income year of $95,000. During the year the following payments were paid out of the partnership cheque account: Purchases of tradin- stock 1?.000 12.500 Advances to Tom 2?.000 Re-airs to shin-front Tom and Jerry share prots in the ratio of 3:1. Stock on hand at the beginning of the year was $2,500 and at the end of the year was $3,500. Both cars were used for business purposes, but Tom uses one car 50% for private purposes. Question 1: Calculate the net income of the partnership. What difference would it make ifJerry was under 16 years of age and the Commissioner considers that a reasonable salary for the work he does is $9,000