Using the information provided, prepare a profit and loss appropriation account for Carter, Cooper, and Rivera for the year ended 31 December 20Z3, and balance sheet extracts:

• Net profits: £51,600
• Interest to be charged on capitals: Carter £3,100; Cooper £2,000; Rivera £1,500
• Interest to be charged on drawings: Carter £320; Cooper £250; Rivera £190
• Salaries to be credited: Cooper £3,600; Rivera £4,300
• Profits to be shared: Carter 50%; Cooper 30%; Rivera 20%
• Current accounts: Carter £2,600; Cooper £1,500; Rivera £1,100
• Capital accounts: Carter £65,000; Cooper £30,000; Rivera £25,000
• Drawings: Carter £14,500; Cooper £9,800; Rivera £10,200