Kabir, Zoravar and Parul are partners sharing profits in the ratio of 5 : 3 : 2. Their capitals as on 1st April, 2019 were: Kabir` 5,20,000, Zoravar` 3,20,000 and Parul` 2,00,000. The Partnership Deed provided as follows:

(i) Kabir and Zoravar each will get salary of ` 24,000 p.a.

(ii) Parul will get commission of 2% of Sales.

(iii) Interest on capital is to be allowed @ 5% p.a.

(iv) Interest on Drawings is to be charged @ 5% p.a.

(v) 10% of Divisible Profit is to be transferred to General Reserve.

Sales for the year ended 31st March, 2020 were ` 50,00,000. Drawings by each of the partners during the year was ` 60,000. Net Profit for the year was ` 1,55,500. Prepare Profit and Loss Appropriation Account for the year ended 31st March, 2020.