Simran and Reema are partners sharing profits in the ratio of 3:2. Their capitals as on 1st April were Rs. 2,00,000 each whereas Current Accounts had balances of Rs. 50,000 and Rs. 25,000 respectively. Interest on capital is to be allowed @5% p.a. Net profit of the firm for the year ended 31st March was Rs. 3,00,000. Pass the Journal entry for Interest on Capital and distribution of profit. Also Prepare Profit and Loss Appropriation Account for the year.