5 Pozon and Digao established a general professional partnership by investing P200,000 and P350,000. respectively. 9' Loss is P330,000 and the partners have no written partnership agreement. b. Prot is P330,000 and the partnership agreement states that the partners share prots and losses on the basis of their capital contributions. c. Loss is P381000 and the partnership agreement states that the partners share prots on the basis of their capital contributions. d. Prot is P625.000. The rst P300,000 is shared on the basis of their capital contribution. The next P225.000 is based on partner '5 service, with Pozon receiving 30% and Digao receiving 70%. The remainder is shared equally. Required: l" Determine the partners' share in the prot or loss for each of the situations above. 2. Using the information in situation d, journalize the entries to close the la) income summary and lb) partners' drawing accounts assuming that during the year Pozon and Digao withdrew cash of P310,000 and P250,000, respectively. Indicate the amount of increase or decrease in each partner's capital balance, and the overall effect on partnership capital