Cluppins and Raddle form a partnership on 1 November 2017, preparing accounts to 31 May each year. Bardell is admitted as a partner on 1 January 2019. Cluppins leaves the partnership on 29 February 2020 and Winkle is admitted as a partner on 1 March 2020. 

Calculate each partner's trading income for 2017-18 through to 2021-22, identifying any overlap periods and profits.

Transcribed Image Text:

Profits and losses are shared as follows: Cluppins and Raddle Cluppins, Raddle and Bardell Raddle, Bardell and Winkle Adjusted trading profits are: 1 November 2017 to 31 May 2018 year to 31 May 2019 year to 31 May 2020 year to 31 May 2021 1:2 7:8:5 4:3:1 60,000 120,000 30,000 80,000