4 Points Nathan owns the Kavanah Bakeshop. On January 2, 2022, Nathan invited his friend Dwayne to be his business partner, who invested P250,000 for a 50% equity in the partnership. The two agreed to share profit or losses as follows: 1. 12% interest on average capital, 2. Monthly salary of P12,000 and P10,000 to Nathan and Dwayne, respectively. 3. Bonus to Nathan of 10% after bonus and salary; and 4. Remaining profit or loss to be divided equally The partners agreed further to double their investments before the end of the year. Dwayne made an additional investment on July 1 to double his capital while Nathan gave his counterpart in two equal installments on March 1 and July 31. During 2022, Nathan and Dwayne withdrew 80% of their salary allowances At the end of 2022, the Income Summary account showed a credit balance of P924,000 In 2022, Nathan's share in net income includes Select the correct response(s) Salary of P144,000 Interest on capital of P60,000 Salary of 120,000 Share in net income, after bonus, salary and interest, of P253,125 Bonus of P92,400 Share in net income after bonus, salary and interest, of P250,000 Bonus of P66,000 Interest on capital of P48,750 Bonus of P60,000. Interest on Capital of P30,000 Rica is a sole proprietor who invested her grocery when she invited Belle to form a new partnership business. The following are the assets and labilities of the grocery Cash Merchandise 150.000 30.000 (book value) Fixed assets (P100,000 less Accumulated Depreciation P10,000) Accounts Payable Accrued Expenses 20.000 (market value) 90,000 (book value) 70% of cost (market value) 20,000 7,000 Belle invested the following Cash P60,000 Land (mortgaged with a balance of P50,000 plus accrued interest for 6 months at 18%) 200,000 (book value) Store Furniture (costing P40,000 less accumulated depreciation of P10,000) The total liabilities of the newly formed partnership would be Select the correct response P27,000 P77,000 500,000 (market value) 30,000 P81,500 P43,350