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12. The partnership agreement of Maneesh and Girish provides that (i) Profits will be shared equally. (ii) Maneesh will be allowed a salary of 400 p.m. (iii) Girish who manages the sales department will be allowed a commission equal to 10% of the net profit after allowing Maneesh's salary. (iv) 7% interest will be allowed on partner's fixed capital. (v) 5% interest will be charged on partner's annual drawings. (vi) The fixed capitals of Maneesh and Girish are 1,00,000 and $80,000 respectively. Their annual drawings were 16,000 and 14,000 respectively. The net profit for the year ending March 31, 2016 amounted to 40,000. Prepare firm's Profit and Loss Appropriation Account