7.Joshua and Kish are partners who share profits and losses in the ratio of 40%: 60% respectively. Joshua's salary is P120,000 and Kish's is P60,000. The partners are also paid interest on their average capital balances. In 2020, Joshua received P60,000 of interest and Kish, P24,000. The profit and loss allocation is determined after deductions for the salary and interest payments. If Kish's share in the residual income income after deducting salaries and interest) was P120,000 in 2020, what was the total partnership income? O P464,000 O P564,000 O P690,000 P774,000