Prepare the profit distribution schedule based on profit and loss agreement of the partners. Salaries are 150,000 to Labasan, 200,000 to Gabayan and 180,000 to Villanueva. Labasan receives a bonus of 5% of profit after bonus. Interest is 10% of ending capital balances. Labasan, Gabayan and Villanueva divide any remainder in a ratio 3:3:4. Profit was 789,600. Labasan, Gabayan and Villanueva are manufacturers' representatives in the architecture business. Their capital accounts were as follows: Labasan, Capital 9/1 80,000 1/1 300,000 5/1 60,000 Gabayan, Capital 3/1 90,000 1/1 400,000 7/1 50,000 9/1 40,000 Villanueva, Capital 8/1 120,000 1/1 500,000 4/1 70,000 6/1 30,000