Draft a profit and loss appropriation account and balance sheet extracts for King, Brown, and Taylor for the year ended 31 December 22X3:

• Net profits: £51,400
• Interest to be charged on capitals: King £3,200; Brown £2,200; Taylor £1,800
• Interest to be charged on drawings: King £320; Brown £260; Taylor £230
• Salaries to be credited: Brown £3,900; Taylor £4,400
• Profits to be shared: King 55%; Brown 30%; Taylor 15%
• Current accounts: King £2,700; Brown £1,500; Taylor £1,300
• Capital accounts: King £65,000; Brown £30,000; Taylor £28,000
• Drawings: King £14,500; Brown £9,600; Taylor £10,200