The X,Y, Z partnership agreement specifies that partnership net income be allocated as follows:

	X	Y	Z
Salary Allowance	30,000	10,000	40,000
Interest on average capital balance	10%	10%	10%
Remainder	40%	40%	20%

The average capital balances for the current year were P50,000 for X, P30,000 for Y, and P20,000 for Z.

a. Assuming a current year net income of P150,000, what amount should be allocated to each partner?

b. Assuming a current year net income of P50,000, what amount should be allocated to each partner?