Calculate interest on capitals of A and B if interest on capital is 5% p.a., taking into consideration the following Balance Sheet. BALANCE SHEET as at 31st March, 2013 Liabilities Capitals: A $ Assets $ Sundry Assets 41000 21,000 Drawings of A 5,000 B 22,000 Drawings of B 4,000 Profit & Loss Appropriation A/c (for the year 2012-13) 7,000 50,000 50,000 During the year 2012-13 the drawings of A and B were $ 6,000 and $4,000 respectively. Profits for the year 2012-13 were $ 12,000