$45\mathrm{.}4$ The following balances remained in the ledger of OK Ltd after preparation of the profit and loss account for the year ended $31$ March $20$X$6$

$\backslash$table$[[,000$ s$],[$Stock$,52],[$Debtors$,24],[$Ordinary share capital,$100],[8\%$ preference share capital,$50],[$Creditors$,37],[$Balance at bank,$14],[$General reserve,$30],[$Profit and loss account balance $20$X$5,11],[$Net profit for the year to $31$ March $20$X$6,29],[$Fixed assets at cost$,$ less depreciation,$167]]$

The directors propose:

$($i$)$ a transfer to general reserve of $10,000$;

$($ii$)$ payment of the preference dividend and a $12\%$ dividend on the ordinary shares.

Required:

$($a$)$ Prepare a profit and loss appropriation account for the year ended $31$ March $20$X$6.$

$($b$)$ Prepare a balance sheet as at $31$ March $20$X$6,$ showing clearly the ordinary shareholders' equity the total shareholders' funds and the working capital.