12. The partnership agreement of Maneesh and Girish provides that (i) Profits will be shared equally. (ii) Maneesh will be allowed a salary of 400 p.m. (iii) Girish who manages the sales department will be allowed a commission equal to 10% of the net profit after allowing Maneesh's salary. (iv) 7% interest will be allowed on partner's fixed capital. (v) 5% interest will be charged on partner's annual drawings. (vi) The fixed capitals of Maneesh and Girish are 1,00,000 and 80,000 respectively. Their annual drawings were 16,000 and 14,000 respectively. The net profit for the year ending March 31, 2016 amounted to 40,000. Prepare firm's Profit and Loss Appropriation Account