The information given below was extracted from the accounting records of Tomang Traders, a partnership business with Tom and Angie as partners. Balances in the ledger on 28 February 2022

	Debt	Credit
	R	R
Capital: Tom		400 000
Capital: Angie		300 000
Current a/c: Tom (01 March 2021)	20 000
Current a/c: Angie (01 March 2021)		25 000
Drawings: Tom	300 000
Drawings: Angie	200 000

The following must be taken into account:

(a) The net profit, according to the Statement of Comprehensive Income for the year ended 28 February 2022, amounted to R600 000.

(b) The partnership agreement made provision for the following:

Interest on capital must be provided for at 18% per annum on the balances in the capital accounts. Note: Angie, with the approval of Tom, increased her capital contribution on 01 September 2021 by providing equipment worth R100 000 for use in the office. This has been recorded.

The partners are entitled to the following monthly salaries: Tom R12 000 Angie R15 000

Tom and Angie share the remaining profits or losses in the ratio 3:2 respectively.