Abhay and Sujoy entered into partnership on 1st April, 2024 with capitals of  ₹80,00,000 and ₹60,00,000 respectively. The partners decided to share profits in the ratio of their capital contribution. They withdrew  ₹6,00,000 and  ₹4,00,000 respectively during the year. The partners were charged interest on drawings @ 10% per annum as per the provisions of the Partnership deed Abhay’s share of profit was guaranteed by Sujoy at a minimum of ₹3,50,000 per annum.  

The profit of the firm for the year ended 31st March, 2024 amounted to ₹6,50,000.  

Prepare Profit and Loss Appropriation Account of the firm for the year ended 31st March, 2024.