12.4 Wardle, Jingle and Trotter began trading on 1 October 2007, preparing accounts to 30 September each year and sharing profits in the ratio 7:2:1. Results for the first two years of trading are as follows:

y/e 30/9/08 y/e 30/9/09

£ £

Trading profit 23,490 27,310 Interest received gross 2,000 2,200 Interest received net (net amount received) 1,000 1,088

(a) Compute each partner's trading income for 2007-08, 2008-09 and 2009-10.

(b) Compute each partner's interest received gross for 2007-08, 2008-09 and 2009-10.

(c) Compute the gross amount of taxed interest on which each partner is charged to tax in 2008-09.