Extract from the ledger as at 31 December 2021 DR CR (R) (R) Capital: Meena 80...

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Extract from the ledger as at 31 December 2021 DR CR (R) (R) Capital: Meena 80 000 Capital: Jane 70 000 Current account: Meena (1 January 2021) 15.000 Current account: Jane (1 January 2021) 16 500 17 600 14 000 Drawings: Meena Drawings: Jane The following must be considered: a b) The net profit for the financial year ended 31 December 2021 amounted to R232000. The partners are entitled to interest at 10% per annum on their capital balances. Interest on drawings is charged at 5% per annum. The partners are entitled to the following monthly salaries: Meena R6 000 Jane R4 800 f) Meena is entitled to a bonus R12 000. The balance of the profit must be shared between Meena and Jane in the ratio 3:2 respectively. Required: 2.1 Partnership Appropriation Account (10) Extract from the ledger as at 31 December 2021 DR CR (R) (R) Capital: Meena 80 000 Capital: Jane 70 000 Current account: Meena (1 January 2021) 15.000 Current account: Jane (1 January 2021) 16 500 17 600 14 000 Drawings: Meena Drawings: Jane The following must be considered: a b) The net profit for the financial year ended 31 December 2021 amounted to R232000. The partners are entitled to interest at 10% per annum on their capital balances. Interest on drawings is charged at 5% per annum. The partners are entitled to the following monthly salaries: Meena R6 000 Jane R4 800 f) Meena is entitled to a bonus R12 000. The balance of the profit must be shared between Meena and Jane in the ratio 3:2 respectively. Required: 2.1 Partnership Appropriation Account (10)