Question 2(20)1. Cullman and Dotcom have just completed their first year of business as a partnership. Their Statement of profit or loss account has been prepared and showed a net profit of $646,800. Their partnership agreement and other balances are provided as follows: a) Each partner to contribute as capital: Cullman $350,000 and Dotcom $157,500 b) Current Balances at beginning: Cullman $63,000 and Dotcom $28,000 c) Drawings during the year: Cullman $94,500 and Dotcom $80,500 d) Interest on capital account is charged at 5% of the existing balances e) Interest on current accounts is charged at 5% of the opening balances f) To discourage partners from making unnecessary drawings, interest on drawings is charged at 8% per annum on balances. g) Salaries to partners were as follows: Cullman $77,000 and Dotcom $98,000 per year h) Profits or losses are shared in the ratio 3:2 Cullman and Dotcom respectively. Prepare from the above: i) Profit or Loss Appropriation Account for Cullman and Dotcom (10) ii) Current accounts for Cullman and Dotcom (10)