Draw up a profit and loss appropriation account for the year ending 31st December 2011 and a statement of financial position extract at that date from the following. 1. Net profits Ghc 11,000 II. Interest to be charged on capitals: Kofi Ghc 3,000; Yaw Ghc 2,000; Ama Ghc 1,500 III. Interest to be charged on drawings: Kofi Ghc 400; Yaw Ghc 300: Ama Ghc 200 I. Salaries to be credited : Yaw Ghc 20,000; Ama Ghc 25,000 V. Profits to be shared : Kofi Ghc 70%; Yaw Ghc 20%; Ama Ghc 10% Vi. Current accounts: balance b/d Kofi Ghc 18,600; Yaw Ghc 9,460; Ama Ghc 8,200 VII. Capital accounts: balance b/d Kofi Ghc 100,000; Yaw Ghc 50,000;Ama Ghc 25,000 VIII. Drawings : Kofi Ghc 39,000; Yaw Ghc 27,100; Ama Ghc 16,800