$10$:$45$Finanacial Accounting EOSA $-$ FULLY...Question fourCork and Screw are in partnership. Their agreement provides that the partners are to receive interest on capital at $8\%$ per annum. Interest on drawings is charged at $5\%.$ Cork is entitled to a salary of $$2,000$ per annum. All remaining profits$/$losses are to be shared by Cork and Screw in the ratio $3$:$2$ respectively.The following balances were taken from the books of the partnership on $31$ August $2021.$$Capital Accounts:CorkScrewCurrent Accounts at September $2021$:CorkScrewDrawingsCorkScrew$24000\mathrm{.}15000360$ Cr$30$ Dr$75005000$Gross Profit for the yearTotal operating expenses for the year amounted to:$24,28039400$Required:a$.$ The Profit and Loss Appropriation Account for the year ended $31$ August $2021(11$ marks$)$b$.$ The Current Account of the partners at $31$ August $2021.(7$ marks$)$c$.$ The partners' Capital account as at August $31,2021.(2$ marks