URGENT!! PLEASE HELP

RTNERSHIP OPERATION On January 1, 2020, A, B and C formed ABC Partnership with total agreed capitalization of P1,000,000. The capital interest ratio of the ABC Partnership is 5:1:4 while the profit or loss ratio is 3:2:5, respectively for A, B and C. a. During 2020, A and B made additional investments of P200,000 and P500,000, respectively. At the end of 2020, B and C made drawings of P300,000 and P100,000, respectively. On December 31, 2020, the capital balance of B is reported at P200,000. 1. What is the net income or net loss of ABC Partnership for the year ended December 31, 2020? 500,000 loss b. 1,000,000 loss 800,000 income d. 1,200,000 income 2. What is the capital balance of C on December 31, 2020? 150,000 b. 50,000 A 200,000 d 250,000 C C