DG partnership begins its first year of operations with Dennis, capital of 160,000 and Grace capital of 80,000. According to the partnership agreement, all profits will be distributed as follows: a. Dennis will be allowed a monthly salart of 10,000 b. Partners will be allowed with interest equal to 10% of the capital balance as of the first day of the year c. Dennis will be allowed a bonus of 10% of the net income after salaries d. The remainder will be divided based on 60:40 in the 1st year and 50:50 for the second year Assume further, that the partnership generated Net Income of P320,000 for the first year and P 200,000 for the second year. What is the share of Dennis in the net income for the second year? Select one: P173,440 P23,040 P176,960 P586,560