9. On February 14, 2020, Love, Mahal and Heart greed to form a partnership and share profits in the ratio of 40:40:20. They also agreed that Heart shall receive a monthly salary of P 5,000. If Heart receives P80,000 in the distribution of profits, determine the amount of income for the year ended December 31, 2020? 2. On December 1, TRES Company sells P3,000 of merchandise on account to QUATRO with credit terms of 2/10, net/30. Two days after, the buyer returned P500 worth of merchandise due to defects. How much should Quatro remit to Tres on December 12? *