X, Y and Z are in partnership sharing profits and losses in the ratio 5 :2 :3.
Y is entitled to a salary of $\$ 18000$ per annum.
Partners receive interest at 6% per annum on their capital account balances at the beginning of
the year.
At the beginning of the year, capital account balances were as follows.
The profit for the year before Y’s salary and partners’ interest on capital is $\$ 140000$.
What is Y’s share of the total profits?
1 )
$\$ 23536$
2 )
$\$ 28000$
$\$ 42856$
4 )
$\$ 46000$
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