Good day, can someone help me in answering the following questions? If it is okay, can you also add an explanation so I can know what to do. Thank you

Question #10

10. Bautista, a partner in the Christian Partnership has a 20% participation in the partnership prot and loss. Bautista's capital account had a net decrease of P240,000 during the calendar year 2014. During 2014, Bautista withdrew P520,000 (charged against his capital account) and contributed property valued at P100,000 to the partnership. What was the prot of the partnership? a. P600,000 c. P1,400,000 b. P900,000 d. P2,200,000 11. The partnership agreement of Bustos and Balen provides that interest at 12% per year is to be credited to each partner on the basis of average capital balances. A summary of Balen's capital account for the year ended December 31, 2014 is as follows: Balance, January 1 P840,000 Additional investment, July 1 240,000 Withdrawal, August 1 90,000 Balance, December 31 990,000 What amount of interest should be credited to Balen's capital account for 2014? a. P91,500 c. P99,000 b. P92,500 d. P110,70012. Basilio and Bituin formed a partnership in the year 2014. The partnership agreement provides for annual salary allowances of P220,000 for Basilio and P180,000 for Bituin. The partners share prots equally and losses in a 60:40 ratio. The partnership had a profit of P360,000 for the year 2014 before any allowance to partners. What amount should be credited to each partner's capital account as a result of the distribution of the partnership prot? Basilio Bituin Basilio Bituin a. P180.000 P180,000 c. P196,000 P164.000 b. P192.000 P168.000 d. P200.000 P160.000