The following trial balance was extracted from the books of Osei and Yeboah as at $31/1\frac{2}{2020}$

$\backslash$table$[[$Debit$,$Credit$],[$GH$,$GH$]]$

Capital Accounts:

Osei

Yeboah

$10,000$

$6,000$

Cash Drawings:

Osei

$1,600$

Yeboah

$1,200$

Freehold land and buildings as at $1$ Jan $2020$

$10,200$

Motor vehicle at $1$ Jan $2020$

$2,520$

Purchases

$51,400$

Sales

$77220$

$77,220$

Debtors

$7,920$

Creditors

$7,340$

Wages & Salaries

$8,280$

Mot. Vehicle running expense

$2,960$

Rates and insurance

$1,928$

General trade expenses

$3,988$

Cash at bank

$1,400$

Cash in hand

$164$

Provision for bad & doubtful debt

$20$

Stock of goods for resale at $\frac{1}{1}\frac{?}{2020}$

$0$

$7\mathrm{.}200$

$100,{760}_{?}$

$100,{760}_{?}$

Additional information

In addition to the above, the following information are given

$($a$)$ Stocks in trade at $31$ Dec. $2020GHc8,200$

$($b$)$ Provision is to be made for depreciation at the following rates

Motor vehicles $-25\%$ per annum

Freehold land and buildings $-2\%$ per annum

Reduce provision for bad and doubtful debts to GHC $150$

$($c$)$ Interest is to be allowed at $8\%$ per annum on partners' capital

$($d$)$ Interest is to be charged on partners drawings at $10\%$ per annum

$($e$)$ Osei and Yeboah to share the residue of profits equally

Required to prepare:

a$).$ The Income Statement of the firm for the year ended $31$st December, $2020$

b$).$ The Profit and Loss appropriation account for the vear ended $31$st December. $2020$