If the net income for the year was P28,000, how much must be the share of Ully? * The partnership agreement of Vannah, Wanine, and Ully provides that profits are to be divided as follows: Ully receives a salary of P24,000 and Wanine receives a salary of P18,000 for time spent in the business. All partners receive 10% interest on average capital balances. Remaining profits and losses are divided equally among the three partners. On January 1, 2020, the capital balances were Vannah, P200,000; Wanine, P160,000; and Ully, P150,000. Vannah invested an additional P40,000 on July 1 and withdrew P40,000 on October 1. Ully and Wanine had drawings of P18,000 each during the year.Mang Emil, a senior partner in an accounting rm, has a prot share of 25% and 30% interest in 2020. During 2020, Mang Emil withdrew P260,000 against his capital but invested property with a fair value of P50,000. If Mang Emil's ending capital is P120,000 lesser than his capital beginning, how much is the partnership net income or net loss for 2020? * A, B, and C are partners and share prots and losses as follows: Salaries of P40,000 to A; P30,000 to B; and none to C. If net income exceeds salaries, then a bonus is allocated to A. the bonus is 5% of net income after deducting salaries and the bonus. Residual prots or residual losses are allocated 10% to A, 20% to B, and 70% to C. If net income before deducting salaries and bonus is P140,000, how much is the share of A? * Eddie's capital balance as of December 31, 2020 should be how much? * Kathy and Eddie formed the K&E partnership several years ago. Capital account balances on January 1, 2020 were: Kathy - P993,500; and Eddie - P536,500. The partnership agreement provides Kathy with an annual salary of P20,000 plus a bonus of 5% of partnership net income for managing the business. Eddie is provided an annual salary of P30,000 with no bonus. The remainder is shared evenly. Partnership net income for 2020 was P60,000. Eddie and Kathy each invested an additional P10,000 during the year to finance a special purchase. Year-end drawing account balances were P30,000 for Kathy and P20,000 for Eddie.If the profit and loss sharing agreement is 40%, 40%, and 20%, respectively for Jose, Pedro and Juan, what is the total capital investment of all the partners at the opening of business on April 30? * Jose, Pedro and Juan formed a partnership on April 30, with the following assets, measured at their fair values, contributed by each partner. Jose Pedro Juan Cash 100,000 120,000 300,000 Automobile 85,000 Delivery Trucks 280,000 Computer and Printer 51,000 Office Furniture 35,000 25,000 Land and Building 1,500,000 Although Juan has contributed most cash to the partnership, he did not have the full amount of P300,000 available and was forced to borrow P200,000. The land and building contributed by Jose has a mortgage of P900,000 and the partnership is to assume responsibility of the loan