Prepare a profit and loss appropriation account and balance sheet extracts for Martinez, Carter, and Phillips for the year ended 31 December 21X5 from the following details:

Item	Martinez	Carter	Phillips
Net profits	£46,700
Interest to be charged on capitals	£2,900	£2,100	£1,700
Interest to be charged on drawings	£300	£240	£200
Salaries to be credited		£3,700	£4,300
Profits to be shared	50%	30%	20%
Current accounts	£2,400	£1,300	£1,000
Capital accounts	£58,000	£28,000	£26,000
Drawings	£12,800	£8,600	£9,400