From the following Balance Sheet of X and Y, calculate interest on capital 5% pa. for the year ended 31st March, 2018: During the year ended 31st March, 2018, X's drawings were Rs.10,000 and Y's drawings were Rs.30, 000. Profit for the year ended 31st March, 2018 was Rs.60,000. The amount of Reserve, i.e., Rs.40, 000 is transferred from Current Year's profit to strengthen the financial position of the firm. BALANCE SHEET as at 31st March, 2018 Assets 90,000 Sundry Assets 80,000 40,000 2,10,000 Liabilities X's Capital A/c Y's Capital A/c Reserve 2,10,000 2,10,000