X and Y are partners sharing profits in the ratio of 3 : 2 with capitals of  8,00,000 and   6,00,000 respectively. Interest on capital is agreed @ 5% p.a. Y is to be allowed an annual salary  of 60,000 which has not been withdrawn. Profit for the year ended 31st March, 2019 before interest on capital but after charging Y's salary amounted to 2,40,000.

A provision of 5% of the profit is to be made in respect commission to the manager. Prepare an account showing the allocation profits.