Prepare a profit and loss appropriation account and balance sheet extracts for Ramirez, Cooper, and Brooks for the year ended 31 December 21X1, from the following details:

• Net profits: £43,000
• Interest to be charged on capitals: Ramirez £2,500; Cooper £1,900; Brooks £1,600
• Interest to be charged on drawings: Ramirez £270; Cooper £230; Brooks £190
• Salaries to be credited: Cooper £3,300; Brooks £3,800
• Profits to be shared: Ramirez 50%; Cooper 30%; Brooks 20%
• Current accounts: Ramirez £2,400; Cooper £1,200; Brooks £900
• Capital accounts: Ramirez £55,000; Cooper £28,000; Brooks £25,000

Drawings: Ramirez £12,000; Cooper £8,700; Brooks £9,300