WAEC Financial Accounting 2024 Question 33

Use the following information to answer questions 31 to 33.
Taiyelolu and Ejire are partners sharing profits or losses equally. Extracts from their books showed: (Taiyelolu / Ejire)
Capital accounts (1/1/2023): ₦200,000 / ₦100,000
Current accounts (1/1/2023): ₦40,000 / ₦80,000
Drawings within the year: ₦20,000 / ₦30,000
Annual salaries: ₦28,000 / ₦24,000
Interest on capital is agreed at 10% and the net profit for the year is ₦120,000.
Taiyelolu's balance of current account at the end of the year is

1. A.₦107,000.
2. B.₦87,000.
3. C.₦68,000.
4. D.₦40,000.