Michael and George have been in partnership for several years, sharing profits and losses in

the ratio $3$:$4.$ At $1$ January they had the following credit balances on their capital and current

accounts:

The partnership statement of profit or loss for the year to $31$ December shows a net profit of

$$28,595,$ and the partners had made drawings of $$16,500$ each.

Required:

Calculate the balance of Michael's current account at $31$ December.

$(10$ marks$)$