May and Ethel are partners in a small accounting firm with capital balances amounting to P1,500,000 and P3,000,000 respectively. The company generated a net income of P360,000 for the year 2020. Ignore income taxes.

How much is the share of May if the agreement provides for a 5% interest on their capital balances; annual salary to May amounting P40,000 plus a 10% bonus on net income after salaries; and any remainder to be divided according to capital ratio?