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answer the following questiion & give the proper solution below: a.The share of Analiza and Carmela on the net income: b. The ending capital balance

answer the following questiion & give the proper solution below:

a.The share of Analiza and Carmela on the net income:

b. The ending capital balance of Analiza and Carmela:

Provide a computation

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The income statement of Analiza-Carmela Partnership for the year ended Dec. 31, 2018 appear below: Sales P600,000 Less: Cost of goods sold 380,000 Gross profit 220,000 Less: Operating expenses 60.000 Net income P160,000 Additional information: 1. Analiza and Carmela began the year with a capital balance of P81,600 and P224,000, respectively. 2. On April 1, Analiza invested an additional P30,000 into the partnership and on August 1, Carmela invested an additional P40,000 into the partnership. 3. Throughout 2018, each partner withdrew P800 per week in anticipation of partnership net income. The partners agreed that these withdrawals are not to be included in the computation of average capital balances for purposes of income distributions. Analiza and Carmela have agreed to distribute partnership net income according to the following: Analiza Carmela 1. Interest on average capital balances 6% 6% 2. Bonus on net income before the bonus but after interest on average capital balances 10% 3. Salaries P 50,000 P 60,000 4. Residual (if positive) 70% 30% 5. Residual (if negative) 50% 50% a. The share of Analiza and Carmela on the net income: b. The ending capital balance of Analiza and Carmela

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