B 2. Partners A, B, and C already established a business and they want to distribute the profita or losses that were generated at the end of the year. The capital accounts during the year were as follows: A January 1 135,000 180,000 75.000 March 1, withdrawal (36,000) April 1, investment 30,000 May 1, investment 72,000 June 1, investment 27,000 August 1, withdrawal 19,000) October 1, withdrawal (54,000) December 1, investment 18,000 The following were agreed on how to distribute the profits and losses: Annual salaries were P600,000 to A, P540,000 to B, and P750,000 to C Interest was 15% of the ending capital balance in excess of P140,000 C receives a bonus of 20% of net income after deducting the bonus and the salaries Remainder will be distributed equally At the end of the year, there was a credit balance in the income summary account in the amount of P1,740,000 1. What is the share in the net income of Partner B? a. 600,450 b. 593,100 494,250 d. 585,750 2. What is the capital at the end of the year of Partner C? a. 792,900 96,000 c. 899,100 d. 750,900 . . C. b