Sister, Aka and Foster are in partnership called Andes sharing profit and losses in the ratio 2:4:6. Interest on capital is allowed at 10% p.a. Foster & Aka are entitled to wages of GHS1,000 per month and GHS1, 300 month respectively. The partnership agreement requires that interest is charged on drawings at 25% p.a. The partners capital accounts were 1stJanuary 2019 Foster GHS25,000, Samia GHS32,000 and AkaGHS34,000.. Drawings for the year amounted to GHS20,000 for Foster, Aka GHS35,400, and Sister GHS25,000. None of the drawings has been paid back as at end of the year. Current account balance is GHS10,200 and GHS20,000, Aka and Foster respectively, whilst Samias current account balance was in arrears of GHS12,500. Current account balances attract interest charges of 15% p.a.

The net profit of the firm before dealing with any of the above for the year ended 31/12/2019 was GHS350,500

Required: Prepare for the year ending 31/12/2019:

i) The profit and loss appropriation account

ii) The partners current account.