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3. In its first nine months of operation, the partnership of Christian, Michael, and Angelo made a net income of P80,000, before providing for 20%
3. In its first nine months of operation, the partnership of Christian, Michael, and Angelo made a net income of P80,000, before providing for 20% annual interest on beginning capital balances and monthly salary allowance of P5,000,P3,500, and P2,000, respectively. The beginning capital contributions of the partners are as follows: Christian, P50,000; Michael, P30,000; and Angelo, P20,000. How much is the share of Christian in the partnership profit
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