Problem 4. A partnership begins its first year of operations with the following capital balances:

Natalia, Capital P60,000 Ling, Capital P80,000 Hayabusa, Capital P100,000

The articles of partnership stipulates that profits and losses be assigned in the following manner:

Each partner is allocated interest equal to 10% of the beginning capital.

Ling is allocated compensation of P1,666.67 per month.

Any remaining profits of losses are allocated on a 3:3:4 basis, respectively.

Each partner is allowed to withdraw up to P5,000 cash per year.

Assuming that the net income, is 50,000 and that each partner withdraws the maximum amount allowed, what is the balance in of the capital of each partner at the end of that year?