PROBLEM III Ren and Jun are partners with capital accounts that had the following transactions during 2020 : The income summary account has a credit balance of P510,000 REQUIRED: Prepare a statement of profit distribution for each of the following independent arrangements: a. In the average capital ratio b. Interest on average capital is 9%, salaries of 60,000 to Ren and Jun, respectively, a bonus of 25% of net income after interest and salaries but before bonus to Ren, and the balance divided equally. c. Interest at 10% percent on the amount by which the ending capital balance exceeds the beginning balance, and the balance equally. d. Salaries of 80,000 and 120,000 to Ren and Jun respectively, a bonus to Ren of 25% of net income after salaries and bonus, and the balance distributed equally