Naresh and Sukesh are partners with capitals of 3,00,000 each as on 31st March, 2019. Naresh had withdrawn 50,000 against capital on 1st October, 2018 and also 1,00,000 besides the drawings against capital. Sukesh also had drawings of 1,00,000.

Interest on capital is to be allowed @ 10% p.a.

Net profit for the year was 2,00,000, which is yet to be distributed. Pass the Journal entries for interest on capital and distribution of profit.