The followings are the balance of accounts for J& V as at 30 June 2016 Account name Sales Invento Purchases Rent Salaries Depreciation Plant, Property and Equipment Accumulated depreciation Cash Debtors Long term liabilit Creditors Capital, J Capital, V Current account,J Current account, V Additional information Balance RM120,000 RM10,000 RM80,000 RM6,000 RM12,000 RM2,000 RM20,000 RM2,000 RM15,000 RM5,000 RM10,000 RM8,000 RM20,000 RM30,000 RM5,000 (RM1,000) Ending inventory RM20,000 V has taken RM 10,000 on 1st January 2016, not yet recorded. Interest on drawings is 5% per year Capital interest is 10 percent per annum. Salary for Vis RM12,000 Assuming, profit sharing ratio based on capital, prepare profit and loss account for J & V profit and loss account appropriation. current account balance sheet abstract for owners' equity IV