Stan and Stuart, partners in a manufacturing business, share profits and losses equally. They have the following partnership agreement: Salaries per annum Interest on fixed capital (per annum) Stan Stuart L L 70,000 60,000 10% 10% Their capital and current balances as of 1 June 20x8 and their drawings by 31 May 20x9 were respectively: Capital account 30,000 17,000 Current account (both on credit) 8,500 5,500 Drawings per month 600 500

The following financial information is available for the year ended 31 May 20x9, after the preparation of the profit and loss account.

Requie:
1. A profit and loss appropriation account for the year ended 31 May 20x9.
2. The current account for each partner as of 31 May 20x9.
3. An SFP as of 31 May 20x9.

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Salaries per annum Interest on fixed capital (per annum) Stan Stuart h 70,000 60,000 10% 10% Their capital and current balances as of 1 June 20x8 and their drawings by 31 May 20x9 were respectively: Capital account 30,000 17,000 Current account (both on credit) 8,500 5,500 Drawings per month 600 500