41.4 Draw up a profit and loss appropriation account for the year ending 31 December 2017 and statement of financial position extract at that date, from the following: (1) Net profits 111,100. (ii) Interest to be charged on capitals: Blair 3,000; Short 2,000; Steel 1,500. (iii) Interest to be charged on drawings: Blair 400; Short 300; Steel 200. (iv) Salaries to be credited: Short 20,000; Steel 25,000. (v) Profits to be shared: Blair 70%; Short 20%; Steel 10%. (vi) Current accounts: balances b/d Blair 18,600; Short 9,460; Steel 8,200. (vii) Capital accounts: balances b/d Blair 100,000; Short 50,000; Steel 25,000. (viii) Drawings: Blair 39,000; Short 27,100; Steel 16,800