PLS PROVIDE COMPLETE SOLUTIONS FOR BOTH.

Choices are:

2.)

A. 900

B. 880

C. 860

D. 920

3. )

A. 460

B. 380

C. 220

D. 240

Use the following information for the next two questions: Easy, Average and Difficult formed a joint operation. The following were their contributions: Easy, P100; Average, P120; and Difficult, P80. On completion of the joint operation, the joint operators' books show the following balances: Easy Average Difficult Personal accounts (before closing) 100 Cr. 120 Cr. 580 Dr. Expenses (paid from JO cash) 240 Unsold inventory taken 60 The contractual arrangement stipulates that Difficult, the appointed manager, is entitled to a salary of P6 and a bonus of 15% of profit after salary and bonus. Any balance of profit or loss is shared equally. 2. How much were the sales of the joint operation? 3. In the settlement of the joint operation, how much total cash did Difficult, the holder of JO-cash, pay to Easy and Average