X and Y entered into partnership on 1st April, 2017. Their capitals as on 1st April, 2018 were  2,00,000 and  1,50,000 respectively. On 1st October, 2018, X gave  50,000 as loan to the   firm. As per the provisions of the partnership Deed:

1. 20% of Profits before charging interest on Drawings but after making appropriations to be transferred to General Reserve.
2. Interest on capital at 12% p.a. and Interest on Drawings @ 10% p.a.
3. X to get monthly salary of 5,000 and Y to get salary of 22,500 per quarter.
4. X is entitled to a commission of 5% on sales. Sales for the year were 3,50,000.
5. Profit to be shared in the ratio of their capitals up to 1,75,000 and balance equally.

Profit for the year ended 31st March, 2019 before allowing or charging interest was 4,61,000. The drawings of X and Y were 1,00,000 and  1,25,000 respectively.  Pass the necessary Journal entries relating to appropriation out of profit. Prepare Profit and Loss Appropriation Account and the Partners' Capital Accounts