Draw up a profit and loss appropriation account for Winn, Pool and Howe for the year ended 31 December 20X7, and balance sheet extracts at that date, from the following:

(i) Net profits £30,350.

(ii) Interest to be charged on capitals: Winn £2,000; Pool £1,500; Howe £900.

(iii) Interest to be charged on drawings: Winn £240; Pool £180; Howe £130.

(iv) Salaries to be credited: Pool £2,000; Howe £3,500.

(v) Profits to be shared: Winn 50%; Pool 30%; Howe 20%.

(vi) Current accounts: Winn £1,860; Pool £946; Howe £717.

(vii) Capital accounts: Winn £40,000; Pool £30,000; Howe £18,000.

(viii) Drawings: Winn £9,200; Pool £7,100; Howe £6,900.