Exercise 3-2 (Division of Profit; Interest on Average Capital) Danica and Jenson are partners. Their capital accounts during the fiscal year 2019 were as follows: 9/1 Danica, Capital 120,000 1/1 Jenson, Capital 4/1 800,000 160,000 11/1 60,000 3/1 180,000 1/1 1,200,000 7/1 140,000 100,000 10/1 Profit of the partnership is P250,000 for the year. Determine the partners shared profit under the following assumptions: 1. Each partner is to be credited 12% interest on his average capital. 2. Any remaining profit or loss is to be divided equally.