Read the hypothetical text and answer the following questions. Luv and Kush formed a partnership to sell low sodium, plant based vegan snacks. Since both of them had a family, they decided to withdrew a salary of ₹ 12,000 per quarter. Luv also withdrew ₹ 1,00,000 on 31st December,2020 to get his wife treated for Covid 19. The partnership deed provided for 10% interest on drawings. Kush introduced ₹ 50,000 as additional capital on 31st January,2021. The net distributable profit was ₹ 2,00,000 which was divided by the partners after providing 25% to General Reserve.1. Total amount of salary credited to partners’ account is…………… a) ₹ 12,000 b) ₹ 48,000 c) ₹ 96,000 d) ₹ 24,000 2. Interest on Luv’s drawings will be …………………………… a) ₹ 2,500 b) ₹ 5,000 c) ₹ 7,500 d) ₹ 10,000 3. Interest on Kush’s capital will be…………………………. a) ₹ 5,000 b) ₹ 10,000 c) ₹ 20,000 d) None of these 4. What was the amount to be transferred to General Reserve?a) ₹ 25,000 b) ₹ 50,000 c) ₹ 75,000 d) ₹ 1,00,000