Jump and Wave are in partnership sharing profits in the ratio of their capital balances. Jump Wave $ $ Capital 250,000 350,000 Int. per annum = 10% Drawings 10,000 (9 mths) 8,000 (4 mths) Int. per annum = 12% Salaries 10,000 per month 12,000 per month The net profit before appropriation for the year ended 31st December 2020 was $567,780 but the interest expense 10% on a $50,000 loan was not deducted. Prepare for the year ended 31st December 2020 a partnership appropriation account.