Problem 2. Bohemian Company has a joint venture, Bridge Limited, with two other parties, in which it has one third (1/3) interest. Bridge Limited's main activity is the construction of bridges spanning motorways. Bohemian has advanced funds of P5,000 to Bridge Limited which, according to a bank covenant, will be repaid to Bohemian after settlement of all other obligations of Bridge Limited. Bohemian has agreed to advance a further P2,000 to Bridge Limited over the next two years. The assets and liabilities of Bridge Limited are as follows. Non-current assets 30,000 Revenue 8,000 Current assets 6,000 Profit 2,700 Total assets 36,000 Non-current liabilities 24,500 Current liabilities 5,500 Total liabilities 30,000 Equity 6,000 Bohemian's net interest in the joint venture is: A. P12,000 C. P2,000 B. P3,000 D. P6,000 Bohemian's share of profit: A. P900 C. P8,000 B. P2,700 D. P6,000