On 1st April, 2013, Jay and Vijay entered into partnership for supplying laboratory equipments’ government schools situated in remote and backward areas. They contributed capitals of Rs.80,000 and; Rs.50,000 respectively and agreed to share the profits in the ratio of 3:2. The Partnership Deed provided that interest on capital shall be allowed at 9% per annum. During the year the firm earned a profit of Rs.7,800. Showing your calculations clearly, prepare ‘Profit and Loss Appropriation Account’ of Jay and Vijay for the year ended 31st March, 2014.