B. Adams and Johns run a business together and are organized as a partnership to which each has contributed in capital . During their accounting years they made a profit of . Drawings amounted to $ 40,000 for Adam and $ 60,000 for Johns . \$ 1,600,000 yoi \$400,000 Their partnership agreement stipulates the following A profit - sharing ratio of 2 : 3 Ten percent interest on capital Five percent interest charged on drawings Adam receives a salary of $ 80,000 per annum john received salary of $ 5,000 per month Required : Prepare an appropriation statement for the partnership .

B. Adams and Johns run a business together and are organized as a partnership to which each has contributed $ 1,600,000 in capital. During their accounting years they made a profit of $400,000. Drawings amounted to $40,000 for Adam and $60,000 for Johns. Their partnership agreement stipulates the following: . . A profit-sharing ratio of 2:3 Ten percent interest on capital Five percent interest charged on drawings Adam receives a salary of $80,000 per annum john received salary of $5,000 per month . Required: Prepare an appropriation statement for the partnership. (10 Marks)