Using the following information, prepare a profit and loss appropriation account for Stewart, Miller, and Garcia for the year ended 31 December 23X4, and balance sheet extracts:

• Net profits: £44,700
• Interest to be charged on capitals: Stewart £2,800; Miller £2,100; Garcia £1,700
• Interest to be charged on drawings: Stewart £300; Miller £260; Garcia £230
• Salaries to be credited: Miller £3,800; Garcia £4,300
• Profits to be shared: Stewart 50%; Miller 30%; Garcia 20%
• Current accounts: Stewart £2,400; Miller £1,300; Garcia £1,200
• Capital accounts: Stewart £55,000; Miller £28,000; Garcia £27,000
• Drawings: Stewart £12,800; Miller £9,000; Garcia £9,500