Prepare a profit and loss appropriation account and balance sheet extracts for Johnson, Moore, and Clark for the year ended 31 December 22X6 using the following details:

• Net profits: £50,200
• Interest to be charged on capitals: Johnson £3,100; Moore £2,200; Clark £1,800
• Interest to be charged on drawings: Johnson £320; Moore £270; Clark £240
• Salaries to be credited: Moore £3,900; Clark £4,400
• Profits to be shared: Johnson 55%; Moore 30%; Clark 15%
• Current accounts: Johnson £2,600; Moore £1,500; Clark £1,300
• Capital accounts: Johnson £65,000; Moore £30,000; Clark £28,000
• Drawings: Johnson £14,500; Moore £9,600; Clark £10,300