On January 1, 2020; A, B and C formed ABC Partnership with original capital contribution of P300,000, P500,000 and P200,000. A is appointed as managing partner. Peories2. 0304. 1inea. nd Cao od. dna aoi nd h a r o s e s . 73920 0 0 02, 310 040 nda P40 0 0. 0 0, respectively. At theend of 2020, the capital balance of C is reported at P320,000. The profit or loss. agreement of the partners is as follows: . 1. 2. 3. 10% interest on original capital contribution ofthe partners. Quarterly salary of P40,000 and P10,000 for Aand B, respectively. Bonus to A equivalent to 20% of Net Income after interest and salary to all partners Remainder is to be distributed equally among the partners.

1. 2. 3. 10% interest on original capital contribution ofthe partners. Quarterly salary of P40,000 and P10,000 for Aand B, respectively. Bonus to A equivalent to 20% of Net Income after interest and salary to all partners Remainder is to be distributed equally among the partners. What is the partnership profit for the year ended December 31, 2020? a. 900.000 b. 1,020,000 c. 1,050,000 d. a. b. c. d. 190.060 340,000 540,000 200000 960,000 What is A's share in partnership profit for 2020? WhatisB'sshareinpartnershipprofitfor2020? 6. C. d. 200,000 290,000 50,000 90.000.