Ahmed, Babu and Chatu are partners sharing Profit and losses in the ratio 3:1:1 after interest on capital at 10% and salaries to Babu and Chatu of 300,000 each. Interest on drawing is charged at 5% p.a. . Their trial balance for period ended 31/12/03 is as follows. Dr Cr Shs Shs Capital accounts: Ahmed 3,000,000 Babu 2,000,000 Chatu 1,500,000 Sales and purchases 6,000,000 10,000,000 Debtors and creditors 2,000,000 800,000 Returns 400,000 200,000 Discounts 200,000 300,000 Office expenses 1,000,000 Current accounts: Ahmed 500,000 Babu 400,000 Chatu 200,000 General expenses 1,200,000 Bad debts 200,000 Provision for bad & doubtful Debts 200,000 Rent and rates 200,000 Salaries and wages 500,000 Land & building 4,000,000 Plant & machinery 3,000,000 Motor vehicles 3,000,000 Depreciation Land & Buildings 1,000,000 Plant & machinery 1,500,000 Motors vehicle 500,000 21.190.000 21.190.000 Additional information 1. Stock as at 31/12/03 amount to Ksh. 1,000,000 2. Provision for bad and doubtful debt maintained at 10% of debtors 3. General expenses amounting Ksh. 200,000 were in arrears while rent and rates Ksh. 100,000 are in advance. 4. Depreciation is charged as follows: a) Land and buildings 10% on cost b) Plant and machinery 20% on reducing balance c) Motor vehicles 15% on cost Required: a) Trading, Profit and Loss account for year ended 31/12/03 b) Profit and Loss Appropriation account for year ended 31/12/03 c) Current accounts d) Balance sheet as at 31" December 2003