Apply the basic concepts of partnership accounting and prepare the profit and loss Appropriation account and the partners capital account. please do it on a schedule

Section 2 (8 Marks) (CLO 3] On January 2014, Tom, Mac and Job entered into partnership contributing $200,000,$120,000 and $120,000 respectively and sharing profits in the ratio of 2:1:1. Mac is to be allowed a salary of $48,000 per year. Interest on capital is to be allowed at 9% per annum. Tom and job are entitled to receive a commission of $20,000. Tom is to be allowed a salary of S 72,000 per year. During the year, Tom withdrew $20,000 and Job $24,000; interest on the same being 10%.Profit in 2014 before the above mentioned adjustments was $100,000. You are required to prepare the Profit and Loss Appropriation Account and the partner's capital Accounts. Particulars Amount Particulars Amount Date Particulars JF Amount Date Particulars JF Amount Date Particulars JF Amount Date Particulars JF Amount Date Particulars JF Amount Date Particulars JF Amount