Draw up a profit and loss appropriation account for the year ending 31 December 2013 and statement of financial position extract at that date, from the following: (i) Net profits £111,100. (ii) Interest to be charged on capitals: Blair £3,000; Short £2,000; Steel £1,500. (iii) Interest to be charged on drawings: Blair £400; Short £300; Steel £200. (iv) Salaries to be credited: Short £20,000; Steel £25,000. (v) Profits to be shared: Blair 70%; Short 20%; Steel 10%. (vi) Current accounts: balances b/d Blair £18,600; Short £9,460; Steel £8,200. (vii) Capital accounts: balances b/d Blair £100,000; Short £50,000; Steel £25,000. (viii) Drawings: Blair £39,000; Short £27,100; Steel £16,800.