$1.$a$)$ Recycled Plastics Ltd is a company with the following capital structure:

Authorised Issued share capital share capital

P P

Ordinary shares of P$110000050000$

$5\%$ Preference shares of P$110000080000$

There were no changes to the number of shares in issue during the year.

The retained earnings brought forward on $1$ May $2020$ were P$8000.$

During the year ended $30$ April $2020,$ the company made a profit of P$40000.$

On $30$ April $2021$ it was agreed to effect:

$1.$ Transfer P$20000$ to the general reserve

$2.$ Payment of preference share dividend

$3.$ Payment of final dividend of P$0\mathrm{.}05$ per share on the ordinary shares.

An interim dividend of P$0\mathrm{.}02$ per share had been paid to the ordinary shareholders on

$31$ December $2020.$

Required: Prepare the profit and loss appropriation account for the year ended $30$ April $2021.(10)$