Betty and Veronica are partners in a comic book store, sharing their profits and losses in the ratio of the capital contributed. They have provided the following information for the year to March 31, 2021: $ $ Carriage outwards 6,100 Discount allowed 4,100 Mortgage interest 10,200 Sales 533,800 Provision for depreciation on premises 92,000 Purchases 297,100 Stock at April 1, 2020 89,200 Bad debts 6,800 5% mortgage 318,000 Capital Betty 100,000 Veronica 120,000 Current account Betty 8,200 Veronica 9,500 Drawings Betty 32,300 Veronica 15,400 Returns 12,700 10,200 Motor vehicle 210,000 Carriage inwards 7,500 Equipment 88,000 Provision for depreciation on equipment 27,200 Premises 320,000 Discount received 11,100 Bank 56,900 Creditors 29,600 Wages and salaries 38,900 Office expenses 15,100 Provision for bad debts 3,600 Debtors 51,000 Commission received 14,500 1,269,500 1,269,500 6 Additional information:  Stock at the end of the year amounted to $47,900.  The partnership agreement allows for interest on capital at 6%, while interest is charged on drawings at a rate of 9%.  Betty receives a salary of $978 per month.  Wages and salaries is owing by $7,000, while office expenses and commission is prepaid by $3,800 and $5,600 respectively.  Depreciation on the motor vehicle and equipment is to be charged at 12% and 8% respectively on cost, while the premises is to be depreciated at 15% reducing balance.  Provision for bad debt is to be revised to 15% of debtors. REQUIRED: Using the information provided, prepare Betty and Veronica’s statement of profit or loss, appropriation account, current account, and statement of financial position for the period. The statement of profit or loss and the appropriation account should be shown separately.n