For the year ended 31 December 20Y0, create a profit and loss appropriation account and balance sheet extracts for Smith, Johnson, and Lee based on the following information:

Item	Smith	Johnson	Lee
Net profits	£50,600
Interest to be charged on capitals	£2,500	£1,700	£1,100
Interest to be charged on drawings	£260	£180	£140
Salaries to be credited		£2,800	£3,600
Profits to be shared	45%	35%	20%
Current accounts	£1,940	£850	£600
Capital accounts	£45,000	£25,000	£20,000
Drawings	£10,500	£7,300	£8,200