Action and Burgerman are partners in The Two Live Crew. The following details have been provided after preparation of the income statement for the year ending $2017$ December $31$ :

DETAILS DR CR

Net Profit for the Year $42260$

Provision for Bad Debts at Year$-$end $2400$

Bank $55890$

Creditors $22350$

Debtors $24000$

Fixtures $42000$

Provision for De reciation on Fixtures at Year$-$end $6600$

Buildin $200000$

Provision for De reciation on Buildin at Year$-$end $50000$

Loan $80000$

Ca ital

Action $80000$

Bur erman $40000$

Drawin s

Action $8500$

Bur erman $10500$

Current Account

Action $7500$

Bur errnan $3500$

Motor Vehicle $50000$

Provision for De reciation on Motor Vehicle at Year$-$end $7500$

Commission Pre aid $12000$

Rent Ex ense Pre aid $15000$

Closin Stock $38000$

$399000319000$

The following additional information is also available:

i$.$ Interest on capital is to be paid at $10\%$ ii$.$ Interest on drawings is to be charged at $5\%$ iii. Action is to be paid a salary of $$10000$ iv$.$ Action and Burgerman are to share profits$/$losses in the ratio $2$: $1$

Prepare the$/$a:

A$.$ Partnership Appropriation account for year ending $2017$ December $31.$

B$.$ Partners Current Account as at $2017$ December $31.(13$ marks$)$

$(13$ marks$)$

c$.$ Balance Sheet Extract showing the Equity Section only, as at $2017$ December $31.$

$(4$ marks$)$