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the sandhill partnership reported profit of $58800 for the year ended february 29,2024.Salary allowances are...

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Accounting

the sandhill partnership reported profit of $58800 for the year ended february 29,2024.Salary allowances are $44,100 for H.Anderson and $24500 for S.Harrin.Interest allowances of 5% are calculated on each partners opening capital account balance.Capital account balances at March 1,2023, were as follows: H.anderson $71,000 (Cr.) ans S.Harrin $46000 (cr.) Any remainder is shared equally.Calculate the division of profit to each partner

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