Darren, Elizabeth and Francine are in partnership together and share in profits to the ratio 4:4:2 Capital and current account balances of the respective partners are as follows: Capital Current 6,100 Darren Elizabeth 26,000 18,000 10,000 (1,500) 2,500 Francine Interest is due to partners on their capital balances at a rate of 4% per annum and salaries of 18,000 are paid to Elizabeth and Francine each year. A loan was made to the business by Darren on 1 July 2018 in the amount of 30,000. The loan is for two years at rate of 10% each year. Profit for the partnership for the year ended 31 December 2018 was 82,600 before charging loan interest and partners had made the following drawings from the business. Drawings Darren Elizabeth Francine 25,000 12,000 15,000 Required: A. Clearly showing ALL workings, prepare the profit and loss appropriation account and the partners' capital and current accounts for the year ended 31 December 2018. (30 marks) B. When accounting for a partnership, the partnership agreement provides the "rules to be applied. What "rules" would you apply in the absence of any partnership agreement and what is their source