11) HH, MM and AA formed a partnership on January 1, 2015, and contributed P 150,000, P 200,000 and P 250,000, respectively. Their article of co-partnership provided that the operating income be shared among the partners as follows: as salary P 24,000 for HH, P 18,000 for MM and P 12,000 for AA; interest of 12% on the average capital during 2015 of the three parners; and the remainder in the ratio of 2:4:4, respectively. The operating income the for year ending Decemebr 31, 2015 amounted to P 176,000. HH contributed additional capital of P 30,000 on July 1 and made a drawing of P 10,000 on October 1; MM contributed additional capital of P 20,000 on August 1 and mde a drawing of P 10,000 on October 1; and AA made a drawing of P 30,000 on Novemer 1 The partners' capital balances on December 31, 2015 are: a. HH, P 179,680; MM, P 229,360; and AA, P 239,360 b. HH, P 179,760; MM P 229,520; and AA P 239,520 C. HH, P 189,680; MM P 239,360; and AA P 269, 360 d. HH, P 223,180; MM P 272,060; and AAP 280,760