On 1st April 2022, Lal, Bal, and Pal enter into a partnership contributing ₹ 2,50,000; ₹ 1,30,000, and ₹ 1,20,000 respectively, and sharing profits and losses in the ratio of 5 : 3: 2

On 1st April 2022, Lal, Bal, and Pal enter into a partnership contributing ₹ 2,50,000; ₹ 1,30,000, and ₹ 1,20,000 respectively, and sharing profits and losses in the ratio of 5 : 3: 2. Bal and Pal are entitled to salaries of ₹ 16,000 and ₹ 14,500 respectively per year. Interest on capital is allowed @ 5% p.a. and 5% interest is charged on drawings.

During the year ended 31st March 2023, Lal withdrew ₹ 40,000; Bal ₹ 25,000, and Pal ₹ 15,000.

Interest on drawings being Lal – ₹ 2,250; Bal – ₹ 1,125 and Pal ₹ 725.

Net Profit for the year ended 31st March 2023 was ₹ 71,400.

Show how the profit is distributed and also prepare the capital accounts if they were fluctuating.