Tom, Dick and Harry begin trading as a partnership on 1 January 2019, sharing profits in the ratio 3:2:1. With effect from 1 January 2020, they agree that Harry should receive a salary of £20,000 per annum, that partners should be entitled to 4% per annum interest on capital and that remaining profits should be shared in the ratio 5:3:2. The adjusted trading profits of the partnership are:

Fixed capitals are Tom £50,000, Dick £60,000, Harry £80,000. Compute each partner's trading income for 2018-19, 2019-20 and 2020-21.

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yle 31 December 2019 yle 31 December 2020 90,000 110,000