Problem A. Kara and Tara are partners with the following capital transactions for the year 2018: Kara Tara January 1 P120,000 P180,000 April 1 (30,000) July 31 36,000 November 30 12,000 December 1 (6,000) Assume that the income summary account has a credit balance of P420,000. Also, the partners will receive 10% interest on average capital balances; annual salary allowances of P120,000 and P180,000 to Kara and Tara; 20% bonus to Kara based on net income after bonus; and the remainder, if any, in the ratio of their beginning capital balances. How much is the share of each partner in the net income? Kara Tara A. P211,730 P208,270 B. 169,730 250,270 C. 252,000 168,000 D. 208,730 211,270 Assuming that the income summary has a credit balance of P210,000. Also the partners will receive 10% interest on ending capital balances; monthly salary of P10,000 each for the partners; 15% bonus to Kara based on the net income after salaries and interests; and the remainder if any, in the ratio of 2:2. Kara Tara A. P105,000 P105,000 B. 104,400 105,600 C. 74,400 135,600 D. 114,400 95,600