Hello, I'm trying to learn about partnership accounting and how to prepare it is financial statement and I found this question, I need the answer with explanation if possible

a statement of financial position at 31 December 20AZ. 27.18 INTERMEDIATE Peter and Paul, whose year end is 30 June, are in business as food wholesalers. Their partnership deed states that: a profits and losses are to be shared equally; b salaries are: Peter 620,000 per annum; Paul $18,000 per annum; 487c interest on capital of 10 per cent is allowed; d interest on drawings of 5 per cent is charged; e interest on loans from partners is given at the rate shown in the Partnership Act 1890. The trial balance as at 30 June 20X3 is as follows; Debit Credit E E Capital - Peter 100,000 - Paul 80.000 Current accounts - Peter 804 Paul 21,080 Loon at I July 20X2 - Peter 12,000 Freehold premises at cost 1 15.000 Plant and machinery at cost 77,000 Provision for depreciation on plant 22,800 Motor vehicles al cost 36.500 Provision for depreciation on vehicles 12,180 Loose looks at I July 20X2 1,253 Inventories 6,734 Trade receivobles 4,478 Trade payables 3,954 Bank 7,697 Electricity accrued at 1 July 20X2 58 Paid for electricity 3,428 Purchases 19,868 Sales revenue 56,332 Warehouse wages 23,500 Rates 5,169 Postage and telephone 4.257 Printing and stationery 2,134 Provision for bad debts 216 Selling expenses 1,098 308,920 308,920 You also ascertain the following: 1 Inventory at 30 June 20X3 is E8,264. 2 Depreciation by the straight line method is 10 per cent per annum on plant and machinery and 20 per cent per annum on motor vehicles. The latter are used by the administrative staff. The revalu- ation method of depreciation is used for loose tools. These have a value at 30 June 20X3 of $927. 3 Included in wages are drawings of $6,000 by Peter on 1 March 20X3 and $8,000 by Paul on 1 October 20X2. 4 The provision for bad debts at 30 June 20X3 is to be E180. 5 Trade receivables include bad debts of $240. 488Exercises 6 Sales revenue includes goods that are on sale or return at a price of $200. The cost price of these is $160. 7 Electricity accrued at 30 June 20X3 amounts to 682. 8 Rates prepaid at 30 June 20X3 are $34. Required Prepare a statement of profit and loss and appropriation account for the year ended 30 June 20X3 and a statement of financial position at that date. Present your answer in vertical form