Draw up a profit and loss appropriation account for Cole, Knox and Lamb for the year ending 31 December 2017, and a statement of financial position extract at that date, from the following:

(1) Net profits £184,800.

(2) Interest to be charged on capitals: Cole £3,600; Knox £2,700; Lamb £2,100.

(3) Interest to be charged on drawings: Cole £1,200; Knox £900; Lamb £500.

(4) Salaries to be credited: Knox £22,000; Lamb £28,000.

(5) Profits to be shared: Cole 55 per cent; Knox 25 per cent; Lamb 20 per cent.

(6) Current accounts: Cole £18,000; Knox £8,000; Lamb £6,000.

(7) Capital accounts: Cole £60,000; Knox £45,000; Lamb £35,000.

(8) Drawings: Cole £27,000; Knox £23,000; Lamb £17,000.