Crush and Lush are in Partnership operating a manufacturing business. They share profit in the ratio $3$:$2.$ The trial balance at December $31,2024$ was as follows:

Trial Balance as at December $31,2024$

DR CR

$ $

Direct Expenses $37,800$

Direct Wages $63,000$

Electricity $30,000$

Insurance $10,000$

Plant & Equipment at cost $52,000$

Office$-$Motor Vehicles at cost $73,600$

Provision for depreciation at Dec $31,2023$:

Plant & Equipment $15,600$

Office$-$Motor Vehicles $29,440$

Stock of Finish Goods at Dec $31,2023200,000$

Debtors and Creditors $167,680130,200$

Cash at Bank $38544$

Work in Progress at Dec $31,202349,760$

Purchase of Raw Materials $255,000$

Factory Maintenance $25,134$

Carriage Inwards on raw materials $10,000$

Provision for unrealized profit $30,894$

Raw Material at Dec $31,202371,000$

Sales $737,960$

Salaries of Office Staff $90,522$

Office Expenses $6,960$

Current Accounts at Dec $31,2023$:

Crush $10,218$

Lush $20,688$

Capital Accounts:

Crush $172,000$

Lush $110,000$

Drawings:

Crush $32,000$

Lush $44,000$

Total $1,257,0001,257,000$

Additional Information:

i$.$ Stock of finish goods at Dec $31,2024$ was valued at $$98,500$

ii$.$ Stock of raw material at Dec $31,2024$ was valued at $$35,700$

iii. Work$-$in$-$progress at Dec $31,2024$ was valued at $$39,600$

iv$.$ Factory profit is $15\%$ on the cost of production.

v$.$ Insurance owing $$1,800$

vi$.$ Electricity prepaid is $$5,600$

vii. The factory is responsible for $75\%$ of the electricity, while the office is responsible for $60\%$ of the insurance

viii. Provision for Depreciation: Motor Vehicle $20\%$ of cost$,$ Plant & Equipment $15\%$ on the reducing balance method.

ix$.$ Interest is to be charged on drawings is $5\%$ per annum.

x$.$ Interest is allowed on capital accounts at the rate of $6\%$ per annum.

xi$.$ Crush is allowed a salary of $$20,000$ per annum, while Lush is allowed a salary of $$25,000$ per annum

Required:

A$.$ Prepare the partners$$ Manufacturing, Income Statement for the year ended December $31,2024.(30$ Marks$)$

B$.$ Prepare the partners$$ appropriation account for the year ended December $31,2024$

$(10$ marks$)$

C$.$ Prepare the partners$$ current accounts for the year ended December $31,2024.(7$ Marks$)$

D$.$ Prepare the partners$$ capital accounts for the year ended December $31,2024.(3$ Marks$)$

E$.$ Prepare the partners$$ balance sheet for the year ended December $31,2024.(20$ Marks$)$