Question 1 Huda and Anum are partners sharing profit and losses in the ratio of 3:2. On 14 April, 2019 their capitals were: Huda was $80,000 and Anum $40,000. Prepare a Profit and Loss Appropriation Account and the Partner's Capital Accounts at the end of April 30 following items: A. Interest on Capital is to be allowed 5% per annum. B. Interest on the loan advanced by Huda of $6,000 and Anum $4,500. C. Interest on partner's drawings at 6% p.a. Drawing: Huda $20,000 and Anum $15,000. D. \$7,100 is to be transferred to the Reserve Account. The net profit for the end of year April 30H,2020 was $46,500