For Income Statement And Appropriation Acc Please Use 3 Column And Be Specific Please

here are the Income Statement and Appropriation Account in the requested 3-column format with specific details: a) Prepare The Income Statement For John And Banu For The Year Ended 31 March 2021 |l|l|r|r| 4|c|John and Banu \\ 4|c|Income Statement \\ 4|c|For the year ended 31 March 2021 \\ Details & \ & \ & \ \\ Revenue & & & 158,000 \\ Less: Cost of Sales & & & \\ Opening Inventory & 9,400 & & \\ Add: Purchases & 69,200 & & \\ Less: Closing Inventory & (9,200) & & \\ 2-2 Total Cost of Sales & & (69,400) & \\ 4-4 Gross Profit & & & 88,600 \\ Add: Other Income & & & \\ Commission Receivable & & 4,800 & 4,800 \\ 4-4 Less: Expenses & & & \\ Rates and Insurance (\11,250 + \650) & 11,900 & & \\ Wages & 10,475 & & \\ General Expenses & 9,675 & & \\ Discount Allowed & 2,000 & & \\ Depreciation on Fittings (\18,000 × 15\%) & 2,700 & & \\ Interest on Loan from John (\10,000 × 5\%) & 500 & & \\ 2-2 Total Expenses & & (37,250) & (37,250) \\ 4-4 Net Profit for the year & & & 56,150 \\ b) Prepare The Appropriation Acc For John And Banu For The Year Ended 31 March 2021 |l|l|r|r| 4|c|John and Banu \\ 4|c|Profit and Loss Appropriation Account \\ 4|c|For the year ended 31 March 2021 \\ Details & \ & \ & \ \\ Net Profit for the year & & & 56,150 \\ Add: Interest on Drawings & & & \\ John (\19,000 × 6\%) & 1,140 & & \\ Banu (\21,000 × 6\%) & 1,260 & & \\ 2-2 Total Interest on Drawings & & 2,400 & 2,400 \\ 4-4 Less: Interest on Capital & & & \\ John (\75,000 × 3\%) & (2,250) & & \\ Banu (\50,000 × 3\%) & (1,500) & & \\ 2-2 Total Interest on Capital & & (3,750) & (3,750) \\ Less: Partner's Salary & & & \\ John's Salary & (8,500) & (8,500) & (8,500) \\ 4-4 Residual Profit & & & 46,300 \\ Share of Profit: & & & \\ John (40\% of \46,300) & 18,520 & & \\ Banu (60\% of \46,300) & 27,780 & & \\ 2-2 Total Share of Profit & & 46,300 & 46,300 \\ 4-4 Total Appropriation & & & 58,550 \\ What's next?