Tom, Dick and Harry begin trading as a partnership on 1 January 2023. They initially agree to share profits in the ratio 3:2:1. However:

– As from 1 January 2024, 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.

– As from 1 January 2025, they agree that both Dick and Harry should receive a salary of £20,000 per annum, the rate of interest on capital should be increased to 6% and that remaining profits should be shared in the ratio 3:1:1.

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 2022-23, 2023-24 and 2024-25.