George, Henry and Lee are partners. They share profits and losses in the ratios of 5:3:2 respectively.

For the year ending 31 December 2024 their capital accounts remained fixed at the following amounts:

They have agreed to give each other 4% interest per annum on their capital accounts.
In addition to the above, partnership salaries of £50,000 for Henry and £30,000 for Lee are to be charged.
The net profit of the partnership before taking any of the above into account was £215,400.
Required:
Draw up the appropriation account of the partnership for the year ending 31 December 2024.

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George Henry Lee 120,000 80,000 60,000