III. Distribution of Profits and Losses

Use the following information for the next $2$ questions.

MARTIN, BARLEY, & AMAIA. Partners Martin, Barley, and Amaia have capital balances in a partnership of P$150,000,$ P$100,000,$ and P$200,000,$ respectively. Loss for the year was P$330,000.$

Questions:

$1.$ What will be the capital balance of Barley after the loss distribution if the three partners share profits and losses at a $4$:$3$:$3$ ratio, respectively?

$2.$ What will be Barley$$s capital balance if Martin gets P$180,000$ salary, Barley gets a P$70,000$ salary, and Amaia gets a $10\%$ interest on her beginning balance with the remainder being divided at $2$:$2$:$1$ ratio, respectively?