Ray Tim and Ray are partners in Double Good Trading. They share the profits and losses equally. The balances extracted from their books as at 31 December 2020 are shown below: RM RM Capital Accounts - Tim 60,000 Ray 60,000 Current Accounts - Tim 3,000 5,000 Drawings - Tim 10,000 Ray 10,000 Closing Inventory 26,000 Motor Vehicles 80,500 Cash 3,250 Bank 7,460 Trade Debtors 25,860 Trade Creditors 28,220 Profit and Loss Account for 2020 16,850 168,070 168,070 Additional Information: i. After the Profit and Loss Account was prepared, Tim realised that there was an accrued utilities charge amounting to RM1,200 that was not recorded. ii. The interest on capital is at 6% per annum. iii. The interest on drawings is at 8% per annum. iv. Tim is to be paid a salary of RM24,000 per annum. Required: Prepare the Profit and Loss Appropriation Account for the year ended 31 December 2020, and the Current Account and the Statement of Financial Position as at 31 December 2020