(9 marks) 2. Troy Limited is a telecommunications business. The following information is available for the year ended 31 December 202X Balance of retained profits from previous years stands at 160,000 Net profit for the year was 60,000 It has been agreed that a transfer to a general reserve of 55,000 is to be made Corporation tax of 16,400 is to be paid on the year's profit It has been agreed that a dividend of 10% is to be paid in the issued share capital of 150,000 Prepare Profit and Loss appropriation account for Troy Limited for the year ending 31 December 202X.