At the end of the financial year ended 30 June 2025, the trial balance of Carol, Caitlin and Christie is as shown below.

Christie made her advance before 1 July 2024. Carol and Caitlin each withdrew \($12000\) on 30 September 2024, \($8000\) on 31 December 2024, \($5000\) on 31 March 2025, and the remainder on 30 June 2025. Christie made her drawing on 30 June 2025.
The partnership agreement contains the following provisions in relation to the allocation of profits.
1. A salary of \($92000\) per year for Carol and \($56000\) per year for Caitlin.
2. Interest of 6% p.a. on capital contributed at the start of each financial year.
3. Interest on advances of 8% p.a.
4. Interest on drawings at 8% p.a.
Required

(a) Prepare the Profit Distribution account for the year ended 30 June 2025.

(b) Prepare the capital accounts for each partner at 30 June 2025.

(c) Prepare the balance sheet as at 30 June 2025.

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CAROL, CAITLIN AND CHRISTIE Trial Balance as at 30 June 2025 Cash at bank Accounts receivable Inventory Equipment Accumulated depreciation-equipment Goodwill Accounts payable Advance, Christie (due for payment 31 May 2026) Capital, 30 June 202421 Carol Caitlin Christie Drawings: Debit Credit $ 162 500 248 620 178 460 1 430 800 $ 462 600 360 000 345 780 320 000 Carol 60 000 Caitlin 60 000 160 000 320 000 640 000