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Elisa Diaz and Mary Manalo formed a partnership investing P330, 000 and P110, 000, respectively. Determine the partners' participation in the 2018 profit of P420,

Elisa Diaz and Mary Manalo formed a partnership investing P330, 000 and P110, 000, respectively. Determine the partners' participation in the 2018 profit of P420, 000 under each of the following independent asssumptons:

a.No agreement concerning division of profit.

b.Divided in the ratio of original investment.

c.Salary allowances of P50, 000 and P70, 000, respectively and the balance to be divided equally.

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