Dada and Mama, had capital accounts in 2020 as follows: Mama, Capital 9/1 3,000 1/1 15,000 10/1 1,000 6/1 10,000 11/30 5,000 Dada, Capital 4/1 5,000 1/1 38,000 7/31 10,000 9/30 5,000 12/1 4,000 Mama and Dada received a monthly salary of P2,000 and P1,000. Dada receives a 20% bonus based on income after salaries, interest but before bonus. Interest is 5% of their capital balances. The remainder shall be allocated based on ending capital balances if negative while it shall be based on average capital balances if positive (Use two decimal places). Page 6 of 13 ACC102 FUNDAMENTALS OF ACCOUNTING PART II BSBA FM 6. What is the average capital balance of Mama? a. 20,000 b. 40,000 c. 41,266 d. 58,733 7. What is the average capital balance of Dada? a. 20,000 b. 40,000 c. 41,266 d. 58,733 8. If the partnership reports net income of 100,000 in 2020 before salaries, interest and bonus, what is the share of Dada if salaries and interests are treated as allocation of net income? a. 41,266 b. 58,733 c. 80,500 d. 94,300