The following are balances of a partnership between Shoe and Lace as at 2021 December 31: DR CR Capital on 2021 January 01: $ $ Shoe 30 000 Lace 30.000 Current Accounts on 2021 January 01: Shoe 1500 Lace 200 Drawings during the year were: Shoe Lace 6.000 4.400 Land and building 160 000 Equipment Cash at bank Bank loan Electricity Office salaries Advertising 15 000 20 000 90 000 1400 40 000 30 000 Bad debts Provision for bad debts Debtors 700 700 6000 9.500 2.000 30 000 150 000 Creditors Provision for depreciation: Equipment Stock on 2021 December 31 Gross profit for the year Additional information: Provision for bad debts is to be increased by $50. ii. Amount for advertising included payment of $120 for 2022. iii. Electricity bill of $145 is due. iv. Equipment is to be depreciated at 20% per annum. v. Interest on capital is allowed at 20% per annum. vi. Interest on drawings is 5% per annum. vii. Profits and losses are to be shared between Shoe and Lace in the ratio 2:3. A. Prepare Profit and Loss and Appropriation Account for year ended 2021 December 31. (10 marks) BC B. Draw up Capital Accounts of the partnership. (2 marks) Draw up Current Accounts of the partnership. (8 marks) (Total 20 marks)