Troy Limited is a telecommunications business. The following information is available for the year ended 31 December 202X - Balance of retained profits from previous years stands at £160,000 - Net profit for the year was £60,000 - It has been agreed that a transfer to a general reserve of £55,000 is to be made - Corporation tax of £16,400 is to be paid on the year's profit - It has been agreed that a dividend of 10% is to be paid in the issued share capital of £150,000 Prepare Profit and Loss appropriation account for Troy Limited for the year ending 31 December 202X