(Interest on Capital). Calculate interest on capital of T at the rate of 5% p.a. taking into consideration the following Balance Sheet of S and T. Balance sheet As at 31 March 2015 Liabilities $ Assets $ S's capital 21,000 Sundry Assets 50,000 T's Capital 22,000 Profit & Loss Appropriation A/c 7,000 (for the year 2014-15) 50,000 50,000 During the year, 2014-15 the drawings of T were $4,000 and profits were $12,000