The information below relates to NOT partnership business for the year ended 31st December, 2019 Nyamekye Oliver Twist GH000 GH000 GH000 Capital Introduced 20,000 30,000 40,000 Drawings 10,000 15,000 20,000 i. Nyamekye is entitled to a salaries amounted to GH 9,350,000 per annum, sharing Profit or loss on the basis of capital contributed. ii. Net profit for the period ended 31st December, 2019 was GH 38,500,000. Interest on drawings and Capital are 5% and 10% per annum respectively. All expenses and incomes accrue evenly. iii. Oliver advanced a loan amounted to GH 300,000,000 to NOT Partnership Business on 1st September, 2019 but charged an interest of 12.5% per annum on the loan. iv. Twist Retired on 31st December, 2019 but granted his net worth in the partnership business as a loan to the business charging Interest of 9% per annum on the loan

.Required

a. Prepare Profit or Loss Appropriation for the year ended 31/12/2019.

b. Partners Capital Account for the year ended 31/12/2019 in the absence of current account