Draw up a profit and loss appropriation account for the year ending 31 December,2020. balance sheet extract at that date, from the following:

Net profits 111,100.

interest to be charged on capitals: Blair 3,000; Short 2,000; Steel 1,500

Interest to be charged on drawings: Blair 400; Short 300, Steel 200

Salaries to be credited: Short 20,000; Steel 25,000 Profits to be shared: Blair 70%; Short 20%; Steel 10% Current accounts: balances b/d Blair 18,600, Short 9460, Stel 8200 Capital accounts: balances b/d Blair 100,000; Short 50,000 Steel 25000

til Drawings: Blair 39,000; Short 27,100; Steel 16,800,