PROBLEM 2 A summary of changes in the capital accounts of Rialubin, Rabena and Dela Cruz partnership. before closing, follows Rialubin Rabena Dela Cruz Total Investment, April 1 Withdrawal, May Withdrawal, July 1 Withdrawal, September 1 Balance, January 1, 2018 80,000 80,000 90,000 250,000 20,000 15,000 10,000 30,000:30,000 20,000 15,000 . 10,000 . 1s 000-85000-60000 215000 Determine the allocation of the 2018 profit to the partners under each of the following independent assumptions: I. Profit is P48,000 and profit is divided on the basis of average capital balances. Profit is P50.000. Rialubin receives a bonus of 10% of profit for managing the business, and the balances to be divided on the basis of beginning capital balances. Loss is P35.000, each partner is allowed 10% interest on beginning capital balances, and the balance to be divided equally. 2. 3