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V . Distribution of net income by providing salaries, interest and bonus Use the following information for the next 3 questions. CLARA, MARA, & ANGELA.

V. Distribution of net income by providing salaries, interest and bonus
Use the following information for the next 3 questions.
CLARA, MARA, & ANGELA. The beginning capital contributions of the partners in the newly formed partnership are as follows: Clara, P250,000; Mara, P150,000; and Angela, P200,000. In its first nine months of operation, the partnership of Clara, Mara and Angela made a net income of P290,000, before providing for 20% annual interest on beginning capital balances and monthly salary allowance of P10,000, P5,000, and P2,500, respectively. Mara is entitled to a 10% bonus on net income before interest and salaries. Any remainder will be shared by the partners in the ratio of 5:3:2.
Questions:
1. What is the share of Clara in the partnership profits?
2. What is the share of Mara in the partnership profits?
3. What is the share of Angela in the partnership profits

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