Prepare a profit and loss appropriation account for Patel, Khan, and Zhang for the year ended 31 December 22X9, and balance sheet extracts based on the following details:

• Net profits: £42,300
• Interest to be charged on capitals: Patel £2,400; Khan £1,800; Zhang £1,600
• Interest to be charged on drawings: Patel £270; Khan £230; Zhang £200
• Salaries to be credited: Khan £3,500; Zhang £4,000
• Profits to be shared: Patel 50%; Khan 30%; Zhang 20%
• Current accounts: Patel £2,300; Khan £1,200; Zhang £1,000
• Capital accounts: Patel £55,000; Khan £27,000; Zhang £25,000
• Drawings: Patel £12,500; Khan £8,900; Zhang £9,400