Black, Brown and Cook are partners. They share profits and losses in the ratios of ²/9, ¹/3 and ⁴/9 respectively.

For the year ended 31 July 20X2, their capital accounts remained fixed at the following amounts:

They have agreed to give each other 6 per cent interest per annum on their capital accounts.

In addition to the above, partnership salaries of £30,000 for Brown and £18,000 for Cook are to be charged.

The net profit of the partnership, before taking any of the above into account was £111,000. You are required to draw up the appropriation account of the partnership for the year ended 31 July 20X2.

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Black Brown Cook £ 60,000 40,000 20,000