Q 8 X and Y are partners sharing profits and losses in the ratio of 2 : 3 with capitals 2,00,000 and 3,00,000 respectively. On 1st October, 2018, X and Y gave loans of 80,000 and 40,000 respectively to the firm. Show distribution of profits/losses for the year ended 31st March, 2019 in each of the following alternative cases:

Case 1 : If the profits before interest for the year amounted to 21,000. Case 2 : If the profits before interest for the year amounted to 3,000. Case 3 : If the profits before interest for the year amounted to 5,000. Case 4 : If the loss before interest for the year amounted to 1,400.