AutoSave Partnership 639391786011 File Home Insert Design Layout References Mailings Review View Help O Search Share Comments X Cut E AL 1 Verdana 10 - A A Aa Ao BI U ab X, X? ADA AaBbCcDc AaBbccdc AaBl AaBbc Aai AaB La Copy Format Painter Find Sc Replace h Select Paste 1 Normal 1 No Spac... 1 Heading 1 1 Heading 2 1 Title Dictate 1 Subtitle Clipboard Font Paragraph Styles Editing Voice AB partnership begins its first year of operation with the following capital balances: A, Capital, P 224,000, B, Capital, P 112,000. According to the partnership agreement, all profits will be distributed as follows: A will be allowed an salary of P 268,800 and P 134,400 to B. The partners will be allowed a bonus of 10% of the net income after bonus. The remainder will be divided on the basis of the beginning capital for the first year and equally for the second year. Each partner is allowed to withdraw up to P 11,200 per year. Assume that the income sum mary has a debit balance of P 16,800 on the first year and a credit balance of P 61,000 on the second year. Assume further that each partner withdraws the maximum amount from the business each period. What is the balance of B's capital account at the end of the second year? A. P 95,000 B. P 39,480 C. P 296,520 D. P 201,600 Page 5 of 6 1379 words English (United States) C Focus 13 196%