Trainsign Ltd has an authorised capital of £500,000, consisting of 350,000 ordinary shares of £1 each and 150,000 7 per cent preference shares of £1 each. Of these, 260,000 ordinary shares and 90,000 preference shares had been issued when the company first started trading. The following information is available:

• The company has a financial year end of 31 December. The first three years of business resulted in net profit as follows: 20X2 £62,400; 20X3 £81,900; 20X4 £114,190
• Dividends were paid each year on the preference shares. Dividends on the ordinary shares were proposed as follows: 20X2 6 per cent; 20X3 8 per cent; 20X4 12 percent.
• Corporation tax, based on the profits of each year, was: 20X2 £12,000; 20X3 £16,000; 20X4 £22,000.
• Transfers to reserves were: general reserve 20X2 £10,000, 20X3 £18,000, and foreign exchange reserve 20X4 £15,000.

You are to show the profit and loss appropriation accounts for each of the years 20X2, 20X3 and 20X4.