Islamic Accounting.

Please use Each period method

Company 1 entered into a Mudaraba contract with Bank Sharia where it provides monetary capital of $1,000,000 for investments The Bank provides Mudaraba Al-Muqayadda investment account facility whereby the Bank will invest in a specific project an agreed by the company. An investor, Company 2 also agreed to invest $500,000 into the project. The profit sharing between thren of them is 2:1:1 for Company 1, Company 2 and the Bank respectively. Bank Sharia then entered into another Mudaraba contract (Re-Mudaraba) with Company 3 to undertake a housing development project and agreed on a profit sharing ratio of 75:25 (Bank: Company 3). Bank Sharla contributed the $1,500,000 as monetary capital based on a three-year Mudaraba financing contract (Mudaraba muqayadda). Assume the following rosults of the venture: Using the Each Period Method, how much is the Company 3's share of profit