Draft a profit and loss appropriation account and balance sheet extracts for Taylor, Brown, and Lee for the year ended 31 December 23X3:

• Net profits: £52,100
• Interest to be charged on capitals: Taylor £3,200; Brown £2,200; Lee £1,900
• Interest to be charged on drawings: Taylor £330; Brown £270; Lee £250
• Salaries to be credited: Brown £3,900; Lee £4,400
• Profits to be shared: Taylor 55%; Brown 30%; Lee 15%
• Current accounts: Taylor £2,700; Brown £1,500; Lee £1,300
• Capital accounts: Taylor £65,000; Brown £30,000; Lee £28,000
• Drawings: Taylor £14,500; Brown £9,600; Lee £10,300