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D and J are partners agreeing to allow an interest of 6% on the capital investment at the beginning of the year (300,000 and P230,000,
D and J are partners agreeing to allow an interest of 6% on the capital investment at the beginning of the year (300,000 and P230,000, respectively. And a monthly salary of P6,000 to D and J would be given an appropriate salary so that D will received P58,100 at the end of the year. Any remaining balance will be shared by the partners equally. The first year of operation yielded a net income of P100,000. How much is the total salary allowance given for the year? O 31,800 O 60,000 O 63,800 132,000
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