Jetroy, Ruby, and Jejirose form a partnership on July 1, Year 1 each investing cash of P25,000. On August 1, Year 1, Jetroy was advanced P10,000 by the firm. On September 1, Year 1, Ruby made a P20,000 loan to the firm. Interest is to be charged on advances to partners and credited on loans by partners at the rate of 6 percent. Business is unsatisfactory and that partners decide to liquidate the firm. Jejirose is allowed special compensation of P2,500 for managing the sale of assets and settlement with creditors. On December 31, Year 1 all assets have been sold, outside creditors have been paid, and cash of P35,000 is distributed to partners. All partners are personally solvent and final settlement is made among partners on February 10, Year 2. In the final settlement