X presents the following Profit and Loss Appropriation Account to his partner Y: Dr. Cr. ParticularsRsParticularsRsSalary to X24,000Profit for the year92,200Salary to Y12,000Interest on Capital at 6% p.a X on Rs 2,00,000 12,000 Y on Rs 50,000 3,000––––––15,000 Interest on X Loan at 12% p.a1,200Profit transferred to CapitalAccounts:- 3/4th to X 30,000 1/4 th to Y 10,000––––––––40,000¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯92,200––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯92,200–––––––– There is no Partnership Deed between X and Y. Y feels that he has not been treated fairly. You are required to prepare a new Profit and Loss Appropriation Account according to the provisions of Partnership Act.