Capital Accounts Trousers Shirts DR GHC CR GHC 12,500 10,000 Drawings Trousers 1,000 Shirts 750 Purchases and Sales 100,000 125,000 Salaries 12,500 General Expenses 5,000 Discounts 1,250 1,000 Rates 250 Freehold property at cost 12,500 Bank balance 2,500 Debtors and Creditors 7,500 6,500 Furniture and equipment at cost (N7,500) 6,000 Stock 1st January 5.750 155,000 155,000 Additional information a) Stock at 31st December 2021 was GHC 6,250. b) Rate paid in advance at 31st December 2021 was GHC 50. c) Bad debt to be written off GHc 150 d) Depreciation on furniture and equipment is to be provided at the rate of 5% per ar cost. e) Interest on capital is 10% per annum. f) Interest on drawings: Trouser GHc 50, Shirt GHC 75. You are required to prepare: Trading and Profit and Loss Account for the year ended 31st December, 2021. i. ii. Profit and Loss Appropriation Account. iii. Partners Current Accounts; and iv. Balance sheet as at 31st December, 2021.