On January 1, 2020, A, B and C formed ABC Partnership with a total agreed capitalization of P1,000,000. The capital interest ratio of the ABC Partnership is 5:1:4 while the profit and loss ratio is 3:2:5. During 2020, A and B made an additional investment of P200,000 and P500,000. At the end of 2020, B and C made drawings of P300,000 and P100,000 respectively. On December 31, 2020, the partnership has net income of P800,000. How much is the share of B in the net income? 160,000 240,000 80,000 400,000