Akur and Aifiti share profits on a 45:55 basis respectively. On 1 July 2025 the equity accounts were as follows.

The partners were entitled to 8% interest on capital. Aifiti ran the business and received a salary of \($120\) 000. During the year Akur withdrew \($70\) 000 in cash and Aifiti withdrew \($20\) 000. The profits for the year ended 30 June 2026 were \($770\) 000 before providing for interest on capital balances and Aifiti's salary.

Required Prepare the Profit Distribution accounts and partners’ Retained Earnings accounts for the year ended 30 June 2026.

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Akur Aifiti Capital Retained earnings $ 830 000 $ 710 000 250 000 200 000