Using the following information, prepare a profit and loss appropriation account for Stewart, Miller, and Gonzalez for the year ended 31 December 22X4 and balance sheet extracts:

• Net profits: £43,900
• Interest to be charged on capitals: Stewart £2,500; Miller £2,100; Gonzalez £1,600
• Interest to be charged on drawings: Stewart £280; Miller £240; Gonzalez £210
• Salaries to be credited: Miller £3,700; Gonzalez £4,100
• Profits to be shared: Stewart 50%; Miller 30%; Gonzalez 20%
• Current accounts: Stewart £2,300; Miller £1,300; Gonzalez £1,100
• Capital accounts: Stewart £55,000; Miller £28,000; Gonzalez £25,000
• Drawings: Stewart £12,700; Miller £8,900; Gonzalez £9,400