The partnership of Biden, McCarthy, Pelosi and Trump have a very successful Septic Tank Business.

Information about the partners and the business is as follows:

Biden receives$25\%$ of profits and $10\%$ of losses; he receives a salary of $$15000$ and each year he makes a drawing of $$35000$ for icecream

McCarthy recives $25\%$ of profit and $25\%$ of losses; he receives a salary of $$8000$ and he makes no drawings

Pelosi receives$25\%$ of profits and $40\%$ of losses; she receives a salary of $$12,000$ and each year she makes a drawing of $$50,000$ for cosmetic surgery

Trump receives $25\%$ of profits and $25\%$ of losses; he receives no salary and each year he makes a drawing of $$40,000$ for hair care products

ALL PARTNERS RECEIVE INTEREST OF $5\%$ ON THEIR BEGINNING OF THE YEAR CAPITAL BALANCE.

On January $1$st $2023$ the partnership had the following balance sheet

Cash $200,000$ accounts payable $10000$

Accounts receivable $400,000$

equipment $500,000$ Biden Capital $100,000$

a$/$d equipment $200,000$ McCarthy Capital $200,000$

land $1,000,000$ Pelosi capital $800000$

Trump Capital $790,000$

total assets $1,900,000$

In $2023,$ before Partnership interest and salaries the partnership had income of $$200,000$

In $2024,$ before Partnership interest and salaries the partnership had income of $$70000$

In $2025$ before Partnership interest and salaries the partnership had income of $$325000$

REQUIRED; $1)$ determine the distribution of the partnership income to the partners each year

$2)$ determine each partner's capital account on December $31$ of $2023,2024$ and $2025$