Lim and Isko share profits and losses in a ratio of $2$:$3$ after salary allowances, interest allowances and bonus allocations.

Lim and Isko receive salary allowances of P$30,000$ and P$60,000$ and both partners receive $10\%$ interest based upon the

balance in their capital accounts on January $1.$ Partners' drawings are not used in determining average capital balances.

Total net income for $2020$ is $P180,000.$ If net income after deducting the interest and salary allocations is more than

P$60,000,$ Isko receives a bonus of $5\%$ of the original amount of net income.

What is the total amount for the allocation of interest, salary and bonus and how much overallocation is

present?

a$.180,000$ and $0$

b$.240,000$ and $60,000$

c$.249,000$ and $0$

d$.249,000$ and $69,000$

If the partnership experiences a net loss of $P60,000$ for the year, what will be the final net amount of profit

or $($loss$)$ closed to each partners' capital account?

a$.(90,000)$ to Lim and $30,000$ to Isko

b$.(30,000)$ to Lim and $(30,000)$ to Isko

c$.(24,000)$ to Lim and $(36,000)$ to Isko

d$.30,000$ to Lim and $(90,000)$ to Isko