Balance, P600,000 P800,000 January 1 March 1 P100,000 -- April 1 200,000 May 1 100,000 June 30, P150,000 August 31 100,000 October 1 150,000 October 31 125,000 50,000 The Income Summary account has a credit balance of P180,000. 2. If profits and losses are divided using the average capital ratio, how much is the share of Donald in the profit? 3. Assume that the partners agreed on the following: interest on average capital at 8%; salaries of P24,000 and P48,000 to Donald and Daisy, respectively; bonus to Donald at 20% of profit after deducting interest and salaries but before deducting bonus; and any remaining amount of the profit is to be divided equally. How much is the share of Daisy in the profit? 4. Assume the agreements of the partners are the same as in #3, except that interest is equal to 12% of the amount by which the ending capital balance exceeds the beginning balance. How much is the share of Donald in the profit