answer the following:

Problem 3 The partnership agreement of A, B, and C provides for the year-end allocation of net income in the following order: A is to receive 10% of net income up to P200,000 and 20% over P200,000. B and C each are to receive 5% of the remaining income over P300,000. The balance of income is to be allocated equally among the 3 partners. The partnership's 2021 net income was P500,000 before any allocations to partners. What amount should be allocated to A? (10 points)