Partners A,B and C already established a business and they want to distribute the profits or losses that were generated at the end of the year. Tha capital accounts during the year were as follows:

A B C

January 1 135,000 180,000 75,000 March 1, withdrawal - (36,000) - April 1, Investment - - 30,000 May 1, investment 72,000 - - June 1, investment - 27,000 - August 1, withdrawal - - (9,000) October 1, withdrawal (54,000) - - December 1, investment - 18,000 -

The following were agreed on how to distribute the profits and losses: - Annual slaaries were 600,000 to A, 540,000 to B, and 750,000 to C - Interest was 15% of the ending capital balance in excess of 140,000 - C receives a bonus of 20% of net income after deducting the bonus and the salaries - Remainder will be distributed equally - At the end of the year, there was a credit balance in the income summary account in the amount of 1,740,000 1. What is the share in the net income of Partner B?

a. 600,450 b. 593,100 c. 494,250 d. 585,750 2. What is the capital at the end of the year of Partner C? a. 792,900 b. 96,000 c.899,100 d. 750,900