odin and hella were partners in a firm. The partnership agreement provides that:

1. Profit-sharing ratio will be "4: 1.
2. odin will be allowed a salary of kshs 1,000 per month
3. Hella who manages the sales department will be allowed a commission equal to 10% of the net profit after allowing odin's salary.
4. 8% interest will be allowed on partners' fixed capitals.
5. 6%interest will be charged on partners' annual drawings.
6. The fixed capitals of odin and hella were kshs 125,000 and kshs 25,000 respectively. Their annual drawings were kshs 8,000 and kshs. 3,000 respectively. The net profit for the year ended nearly amounted to kshs. 85,000.

Required:

1. Prepare firms Profit and Loss Appropriation Account (8 marks)

please be thourogh and keen also please show all the working