For the taxable year 2018, Ron and Nor, partners of a general professional partnership agreed to divide profits and losses 60:40, respectively. Both are married without qualified dependents. The following are the details of the accounts. Sale of services, GPP Cost of services, GPP Itemized deductions, GPP P2,450,000 720,000 580,000 RON NOR Interest on Bank deposit P5,000 P16,000 Salaries from GPP 240,000 180,000 Book Royalties 160,000 Gross receipts from business (not GPP) 450,000 Cost of sales-business Itemized deductions-business 230,000 145,000 The partners agree shall compute their own business income the same as how the GPP computes its income.