Bush, Home and Wilson are in partnership sharing profits & Losses in the ratio of 4.1.3 respectively. Their trail balance as at April 30 20X4 was as follows

	DR	CR
Sales		334,618
Returns inwards	10,200
Purchases	196,239
Carriage inwards	3,100
Stock at May 1 20X3	68,127
Discounts allowed	190
Salaries & wages	54,117
Bad debts	1,620
Provision for bad debts; April 30, 20X3		950
General expenses	1,017
Business rates	2,900
Electricity	845
Computers at cost	8,400
Equipment at cost	5,700
Provision for depreciation at April 30 20X3;
Computers		3,600
Equipment		2,900
Creditors		36,480
Debtors	51,320
Cash at bank	5,214
Capital Accounts; Bush		60,000
Home		10,000
Wilson		30,000
Current Accounts; Bush		5,940
Home	2,117
Wilson		9,618
Drawings; Bush	39,000
Home	16,000
Wilson	28,000
	494,106	494,106

Required

Draw up a Profit and loss appropriation account for the year ended April 30 20X4, Capital, Drawings , Current Accounts and the balance sheet as at that date taking into account the following notes (10 Marks)

1. Stock at April 30, 20X4 was 74,223/=
2. The following were paid in advance; business rates 200/= and electricity 68/=
3. Increase provision for bad debts to 1400/=
4. Salaries paid to partners but not entered in the books; Homes 18000/=, Wilson 14000/=
5. Interest on drawings; Bush 300/=, Home 200/= and Wilson 240/=
6. Interest paid on Capital accounts is 8%
7. Depreciation on computers 2800/=, Equipment 1100/=
8. Partners maintain fixed capital accounts