The partnership deed of Dustin, Daniel and Dylan, partners trading as Triple D Traders, includes the following provisions. 

1. Salaries are to be allowed: Dustin, $35 000; Daniel, $30 000; Dylan, $25 000. 

2. Dylan is to receive a bonus of 20% of the profits after allowing for partners’ salaries and interest. 

3. Interest is to be allowed on advances by partners at 6% p.a. 

4. Interest on drawings to be charged at 8% p.a. 

5. Residual profits are to be divided: Dustin, 3/8; Daniel, 3/8; Dylan, 1/4. 

Account balances at 30 June 2015 before any adjustment in respect of provisions (1) to (5) include the following:

Capital: Dustin Daniel Dylan Retained earnings: Dustin Daniel Dylan Advances: Daniel (on 1 July 2014) Dylan (on 1 July 2014) Drawings: Dustin (on 1 March 2015) Daniel (on 1 January 2015) Dylan (on 1 October 2014) Profit or Loss Summary (profit for the year ended 30 June 2015)

$

160 000 80 000 200 000 32 000 31 200 50 600 72 000 40 000 12 600 7 900 5 900 203 000

Required

Prepare a schedule showing the distribution of  final profit to each partner.