QUESTION 3 (20 Marks) REQUIRED Study the information given below and prepare the following accounts in the general ledger. Balance or close off the accounts. 3.1 Appropriation account (12 marks) 3.2 Current account: Sam (8 marks) INFORMATION Extract from the ledger of Samsen Traders as at 28 February 2023 Debit (R) Credit (R) Capital: Sam 1 000 000 Capital: Sen 800 000 Current a/c: Sam (01 March 2022) 80 000 Current a/c: Sen (01 March 2022) 60 000 Drawings: Sam 500 000 Drawings: Sen 600 000 The following must be considered: (a) On 28 February 2023 the statement of comprehensive income reflected a net profit of R1 500 000. (b) The partnership agreement provides for interest on capital at 12% p.a. on the balances on the capital accounts from 01 March 2022 to 31 August 2022 The interest rate effective from 01 September 2022 is 15% p.a. (c) The partners are entitled to the following monthly salaries: Sam R20 000 Sen R28 000 (d) Sam is entitled to a special bonus of 20% of his annual salary. (e) The balance of the profit/loss must be shared equally between Sam and Sen. (f) The drawings account of each partner must be transferred to their respective current accounts