X, Y and Z entered into partnership on 1^st October to share profits in the ratio of 4:3:3. X, personally guaranteed that Z’s share of profit after charging interest on capital @ 10% p.a. would not be less than Rs. 80,000 in a year. Capital contributions were: X – Rs. 3,00,000, Y – Rs. 2,00,000 and Z – Rs. 1,50,000. Profit for the year ended 31^st March was Rs. 1,60,000. Prepare Profit & Loss Appropriation Account.