The partnership agreement between Ruben and Onsu states that profit and loss sharing arrangements will be based on the ratio of the partner's capital balances. Ruben and Onsu have capital balances of $130,000 and $70,000 respectively at the end of the accounting period. If profit for the period is $168,000, the profit allocations of each of the partners is: Select one: a. Ruben $102,900; Onsu $65,100. b. Ruben $109,200; Onsu $58,800. c. unable to be calculated from the information provided. d. Ruben $109,000; Onsu $59,000. Jack and Daniel have capital account balances at the end of the year of $150,000 and $65,000 respectively. Profit of the partnership is $220,000. The profit and loss sharing agreement calls for (1) a salary of $65,000 to Jack and $35,000 to Daniel (2) interest of 7% p.a. on capital balances, (3) the residual profit to be split 70:30 in favour of Jack. Jack's share of the distribution is: Select one: a. $150,000 b. $148,965 c. $71,035 d. $220,000 Roses Are Red florist purchased a delivery van for $34 000 on 1 July 2018. It was planned to keep the vehicle until it had done 80 000 kilometres and then to trade it in. The expected trade in value was $6 000. A schedule of actual annual distance travelled was: 30/6/19, 28 000 km 30/6/20, 25 000 km 30/6/21, 15 000 km 30/6/22, 12 000 km Using the units-of-production method the amount of depreciation charged for the year ended 30 June 2021 was: Select one: a. $5250 b. $4200 c. $3500. d. $9800