PK Corporation has a profit sharing plan that is worded as follows The company will make available a profit sharing pool that will be the maximum of the following two items: 1. 20 percent of profits in excess of the largest profit level which is 18 percent of assets, or, 2. P2,000,000 The individual employee will receive a share of the profit-sharing pool that is equal to the ratio of that employee's salary to the total salary paid to all employees. The company earned P20,000,000 in 20X4 and had net assets of P60,000,000. Total salaries for 20X4 were P12,000,000 a. Required: What would be the amount available for distribution from the profit- sharing pool? b. What would Jo Marcelo's profit share be assuming she earned P50,000 during 20X4