Using the following data, prepare a profit and loss appropriation account for Allen, Scott, and Parker for the year ended 31 December 23X1, and balance sheet extracts:

• Net profits: £50,100
• Interest to be charged on capitals: Allen £3,100; Scott £2,200; Parker £1,800
• Interest to be charged on drawings: Allen £320; Scott £270; Parker £240
• Salaries to be credited: Scott £3,800; Parker £4,300
• Profits to be shared: Allen 50%; Scott 30%; Parker 20%
• Current accounts: Allen £2,600; Scott £1,400; Parker £1,200
• Capital accounts: Allen £60,000; Scott £30,000; Parker £28,000
• Drawings: Allen £13,500; Scott £9,400; Parker £10,100