Sarah and Jane are in partnership. The following is their trial balance as at 30th September 2020.

Buildings at cost	450,000
Buildings depreciation		40,000
Fixtures at cost	106,000
Depreciation on fixtures		20,500
Debtors & Creditors	140,458	66,900
Provision for doubtful debts		1,800
Partnership loan from Jane		260,000
Capital Accounts: Sarah		270,000
Capital Accounts: Jane		150,000
Current Accounts: Sarah		17,836
Current Accounts: Jane		12,880
Drawings Accounts: Sarah	45,400
Drawings Accounts: Jane	43,900
Bank balance		79,150
Stock	251,874
Sales		950,000
Purchases	680,000
Selling expenses	7,728
Office expenses	15,186
Salaries and wages	125,502
Bad debt	3,018
	1,869,066	1,869,066

You are given additional information as follows:

1. Stock at 30th September 2020 has been valued at 300,020.
2. Expenses to be accrued: electricity of 1,058; salaries and wages of 7,500.
3. Depreciation: fixtures at 20% on reducing balance basis; buildings at 10% on cost.
4. Provision for doubtful debts to be 2,500 as at 30 September 2020.
5. The partnership agreement states:

• Sarah receives a salary of 15,000.
• Interest is charged on drawings, which has been calculated as: Sarah 850; Jane 620
• Interest on capital is at 11%: and set at 5% for partnership loans
• Balance to be shared: 55% Sarah and 45% Jane

Required

Prepare a Profit & Loss Account, Appropriation Account and Partners Current Accounts for the year ended 30th September 2020.