A and B are in partnership sharing profits and losses in the ratio 3 : 2. They insure their lives jointly for ₹75,000 at an annual premium of ₹3,500 to be debited to the business. B died three months after the date of the last Balance Sheet. According to the partnership deed the legal personal representatives of B are entitled to the following payments:

(a) This capital as per the last Balance Sheet

(b) Interest on above capital @ 3 percent per annum to the date of death

(c) His share of profits to the date of death calculated on the basis of last year’s profits

(d) His drawings are to bear interest at an average rate of 2% on the amount irrespective of the period. The net profits for the last three years, after charging insurance premium, were ₹20,000, ₹25,000 and ₹30,000 respectively. B’s capital as per last Balance Sheet was ₹40,000 and his drawings to the date of death were ₹5,000. Draw B’s Account to be rendered to his representatives.