Partners Alger and Rodiel share profit and loss equally after each has been credited with annual salary allowances of P40,000 and P30,000, respectively. Under this arrangement. Alger will benefit by P10,000 more than Rodiel in which of the following circumstance? Only if partnership has earnings of P70,000 or more for the year Only if partnership has earnings of at least P10,000 for the year Only if the partnership does not incur a loss for the year In all earnings or loss situations