K. Partners 0], Rolan and lones had average capital account balances during the year of P400, 000, P500000 and P100,000. respectively. The partnership agreement provides for the following division of prots and losses. interest: 5% on average capital baiances of each partner Salaries: D}, P100,000; Roian, P150,000; and Jones,none Remainder: D}, 20%; Roian, 30%; and Jones, 50% 17.lf the total share of O] in the prot is P112,000, how much should have been the partnership prot? L. A. Bro, a partner in Brooks Partnership, has a 30% participation in partnership prots and losses. A. Bro's capital account decreased by a net amount of P240,000 during the calendar year 2013. During 2013, A. Bro withdrew P520,000, which was charged against his capital account, and contributed property to the partnership with a fair value of P10,000 but with a carrying value of P80,000. 13. What was the prot of the Brooks Partnership for 2013? M. The partnership agreement ofjames and Apollo provides that annual interest at 10% of average capitals shall be credited to each partner; james and Apollo are provided monthly salaries of 1343,000 and P12,000. respectively; bonus at 20% of prots after interest, salaries and bonus shall be credited to James,- and residual prot or loss is divided, 60% tojames and 40% to Apollo. The partnership started operations on July 1, 2013 and uses the calendar year as its reporting period. The prot for the six months ended December 31, 2013, after interest and salaries, amounted to P96,000. 19.lf average capital balances of james and Apollo are Pit-40,000 and P360,000, respectively, howr much is the bonus credited to Jlames? 20.lf average capital balances of james and Apollo are P100,000 and P200,000, respectively, how much is the total share of Apollo in the total prot