The following information was taken from the books of Smart Practise Traders for the year ended 28 February 20.19, with Practise and Smart as partners in the business. Additional information: 1. Extract from a list of balances on 28 February 20.19: Capital: Practise Dr Cr R R R 200 000 Capital: Smart 200 000 Current account: Practise (1 March 20.18) 500 Current account: Smart (1 March 20.18) 1 300 Drawings: Practise 45 840 Drawings: Smart 53 310 2. On 31 August 2018, partner Smart increased her capital by R50 000. This entry has not been recorded in the books of Smart Practise Traders. 3. The net profit for the year ended 28 February 20.19 amounted to R199 950. 4. Drawings of merchandise: Practise - R5 000; Smart-R4 500 5. Cash withdrawn for salaries: Practise: R30 000 Smart: R38 000