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QUESTION TWO (30 marks) The following were Partnership Accounts for Bemba, Tonga and Lozi for the year ending 31 December, 2019 Bemba, Tonga and Lozi Profit & Loss Appropriation Account for they year ending 31.12.19 K 184,800 Details Net Profit Add: Interest on Drawings -Bemba - Tonga - Lozi 1,200 960 500 i) ii) Less: APPROPRIATIONS Int on Capital - Bemba (60,000 x 6%) Tonga (45,000 x 6%) Lozi (35,000 x 5%) Salaries - Tonga Lozi 3,600 2,700 2,100 22,00 0 28,00 iii) 0 129,060 Undistributed Profits Share of Profits Bemba (129,060 x 55%) Tonga (129,060 x 20%) Lozi (129,060 x 25%) iv) 70,98 3 25,81 2 32.26 5 2 un la