Question $3(25$ marks$)$

Mariana and Eva are in partnership sharing profits or losses in the ratio $60\%$ and $40\%$ respectively. Their Trial Balance extract $($after the preparation of the Trading section of the Statement of profit or loss$)$ on $31$ December $2022$ is as follows:

$\backslash$table$[[$Capital accounts,Mariana,,$300\mathrm{.}000],[,$Eva,,$200\mathrm{.}000],[$Current accounts $1$ Jan. $2022,$Mariana,,$10\mathrm{.}000],[,$Eva,,$20\mathrm{.}000],[$Drawings$,$Mariana,$4\mathrm{.}000,],[,$Eva,$2\mathrm{.}000,],[$Profit for the year,,,$190\mathrm{.}000]]$

Additional information:

a$.$ The partners are entitled to an interest of $10\%$ on their Capitals.

b$.$ The partnership agreement states that Mariana and Eva are to receive annual salaries of $20\mathrm{.}000$ and $40\mathrm{.}000$ respectively.

c$.$ Interest will be charged on drawings at the rate of $5\%($a full year charged on any drawings in the year$)$

Required:

a$.$ Prepare the Profit or Loss Appropriation Account for the year ended $31$ December $2022.$

$(15$ marks$)$

b$.$ Prepare Partners' accounts.

$(10$ marks$)$