Read the hypothetical text and answer the following questions.Amar, Saleem and John are partners without a Partnership Deed. On 1st April, 2020, their capitals were ₹ 3,00,000, ₹ 2,00,000 and ₹ 1,00,000 respectively. During the year, they withdrew ₹ 30,000, ₹ 20,000 and ₹ 10,000 respectively.On 1st October, 2020, Saleem gave a loan of ₹ 50,000 to the firm and demands interest on loan @ 10% p.a. for the year ended 31st March, 2021.John wants to admit a new partner, Vinod but Amar and Saleem do not agree for it.Amar demands a salary of ₹ 1,000 p.m. for the year for taking part in business of the firm. For the year ended 31st March, 2021, the firm earned a profit of ₹ 60,000. 1. Interest on Saleem’s loan is …………………a) ₹ 5,000 b) ₹ 2,500 c) ₹ 3,000 d) ₹ 1,5002. Find the amount to be given to Amar as salary. a) ₹ 10,000 b) ₹ 12,000 c) ₹ 9,000 d) No salary will be given3. What is the distributable profit for each partner? a) ₹ 20,000 each b) ₹ 19,500 each c) ₹ 30,000, ₹ 20,000 and ₹ 10,000 b) d) ₹ 30,000, ₹ 15,000 and ₹ 15,0004. Vinod can be admitted as a new partner in the firm when……………………. a) John agrees to admit him as a new partner. b) John and Saleem agree to admit him as a new partner. c) All the existing partners agree to admit him as a new partner. d) There is no need of other partners’ consent.