Beginning of the year, Seo, Nam and Han formed StartUP Partnership with agreed capital of P1,000,000. The capital interest of the partners are 6:2:2. Seo is appointed as managing partner.

Capital/Drawings transactions during the year:

• Seo, Nam and Han made additional investments of P200,000 each respectively.
• At the end of year, Seo, Han and Nam made drawings of P100,000, P50,000 and P80,000, respectively.
• At the end of year, the capital balance of Nam is reported at P400,000.

In their profit-sharing arrangement,

• Annual salary of 60,000 and P40,000 for Seo and Nam, respectively.
• Remainder is to be distributed equally among the partners. What is Seos share in partnership profit for the year?

a) 100,000

b) 80,000

c)160,000

d) 180,000