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2. A partnership's articles of co-partnership provide that partners may increase or decrease their capital balances through additional investment and permanent withdrawals, respectively. Margaret, one
2. A partnership's articles of co-partnership provide that partners may increase or decrease their capital balances through additional investment and permanent withdrawals, respectively. Margaret, one of the partners, had a capital balance of P350,000 on January 1 and made additional investments of P50,000 each on April 1, July 1 and October 1 of the current year. She permanently withdrew cash of P25,000 on June 1 and November 1 . Her drawing account reflected debits of P10,000 and P5,000 on March 1 and August 1 , respectively. If the partners agreed to allow themselves 20% interest based on ending capital, how much interest is to be given to Margaret at year end
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