Pickwick, Snodgrass and Tupman are in partnership, making up accounts to 31 March annually. Each partner receives 6% interest on fixed capital. Pickwick and Tupman are entitled to annual salaries of £40 ,000 and £30,000 respectively. Remaining profits or losses are divided equally. Fixed capitals are Pickwick £ 60,000, Snodgrass £100,000 and Tupman £5 0,000. The adjusted trading pro fit for the year to 31 March 2018 is £62,500. Show how this profit is allocated between the partners.