Prepare a profit and loss appropriation account and balance sheet extracts for Johnson, Moore, and Clark for the year ended 31 December 23X6 using the following details:

• Net profits: £53,200
• Interest to be charged on capitals: Johnson £3,200; Moore £2,300; Clark £1,900
• Interest to be charged on drawings: Johnson £330; Moore £280; Clark £250
• Salaries to be credited: Moore £4,000; Clark £4,500
• Profits to be shared: Johnson 55%; Moore 30%; Clark 15%
• Current accounts: Johnson £2,700; Moore £1,600; Clark £1,400
• Capital accounts: Johnson £70,000; Moore £32,000; Clark £28,000
• Drawings: Johnson £14,800; Moore £9,600; Clark £10,400