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On January 1. 2021. Zeep and Beep have capital balances of P20.000 and P16.000 respectively. On July 1. 2021 Zeep invests an additional P4,000 and

On January 1. 2021. Zeep and Beep have capital balances of P20.000 and P16.000 respectively. On July 1. 2021 Zeep invests an additional P4,000 and Beep withdraws P1.600. Profits and losses are divided as follows: Beep is the managing partner and as such shall receive P16.000 salary and Zeep shall receive P7,200; both partners shall receive interest of 10% of their beginning capital balances to offset whatever difference in capital investments they have and any remainder shall be divided equally. Income of the Zeep Beep partnership for the year 2021 is P9.600. Zeep's share in the net income is: 0.600 04.900 09.200 0 ERO

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