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Samuel and Velom have been operating Savel Enterprises, a partnership business from January 2010 sharing profits and losses equally. The following was the firm's income statement for the year ended 31 December 2011:Income statement for Savel Entreprises for the year ended 31 December 2011.Required:i) Savel Enterprises' taxable profit or loss for the six-month period ended 30 June 2011.ii) Allocation of the profit or loss in (i) above to the partners.iii) Savel Ltd.'s taxable profit or loss for the six-month period ended 3 I December 2011
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