Mang Emil, a senior partner in an accounting firm, has a profit share of 25% and 30% interest in 20x9. During 20x9, Mang Emil withdrew P260,000 against his capital but invested property with a fair value of P50,000. If Mang Emil's ending capital is P120,000 lesser than his capital beginning, how much is the partnership net income or net loss for 20x9?