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Please provide solutions thank you Use the following information to answer questions 9 - 10: Gomez, Perez, and Burgos formed a partnership on January 1,

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Use the following information to answer questions 9 - 10: Gomez, Perez, and Burgos formed a partnership on January 1, 2020, and contributed P150,000, P200,000, and partners as follows: P250,000, respectively. Their articles of co-partnership provided that the operating profit be shared among the As salary, P24,000 for Gomez, P18,000 for Perez, and P12,000 for Burgos; Interest of 12% on the initial capital during 2012 for the three partners; The balance in the ratio of 2:4:4 for Gomez, Perez and Burgos, respectively. The net income for the year ended December 31, 2020 amounted to P176,000 before the provisions above. 9. Determine the share of Gomez in the partnership net income for 2020. * Your answer 10. After the distribution of the profits, determine the capital balance of Burgos on December 31, 2020. *

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