Amit and Vijay started a partnership business on 1st April 2018 Their capital contributions were 2 0...........

Amit and Vijay started a partnership business on 1st April, 2018. Their capital contributions were 2,00,000 and 1,50,000 respectively. The Partnership Deed provided as follows:

a Interest on capital be allowed @ 10% p.a.

b Amit to get a salary of 2,000 per month and Vijay 3,000 per month.

c Profits are to be shared in the ratio of 3 : 2.

Net profit for the year ended 31st March, 2019 was 2,16,000. Interest on drawings amounted to 2,200 for Amit and 2,500 for Vijay. Prepare Profit and Loss Appropriation Account.