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Norharman and Leigh formed a partnership on January 2, 2014, and agreed to share income 90*, 10%, respectively, Norharman contributed capital of P25, 000. Leigh

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Norharman and Leigh formed a partnership on January 2, 2014, and agreed to share income 90*, 10%, respectively, Norharman contributed capital of P25, 000. Leigh contributed no capital but has a specialized expertise agreement provides for the following: a. Capital accounts are to be credited annually with interest at 5. of beginning capital b. Leigh is to be paid a salary of P1,000 a month c. Leigh is to receive a bonus of 20 income calculated before deducting her bonus, her salary and interest on both capital accounts. d. Bonus, interest and Leigh's salary are to be considered partnership expenses The partnership's 2014 income statement follows; Revenue P96. 450 Expenses 49.700 Net income P46, 750 How much is the total share of Leigh on the 2014 partnership net income

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