- Include the average capital of Maria.

- Include the net income of Maria and Martha.

Maria and Martha are partners in the M \& M Ltd. During the last calendar year, the partnership earned P120,000 net income. Shown below are the summary of the capital accounts of each partner as they appear in the general ledger of the partnership: Maria and Martha agreed on the following profit distribution: 1.12\% interest is given on the basis of the peso month average capital balance of each partner: 2. annuat salaries allowed to Maria P60,000 and to Martha P80,000; and 3. the balance to be shared as follows: 1/3 to Maria and 2/3 to Martha. What is the average capital of Maria? Note: Round off answer to the nearest peso