Pls provide solution The partnership of EL, OOH, ARE and DEE reflected capital balances before the distribution of the netincome amounting to P125,000; P100,000, P175,000 and P150,000. The partners are to divide profits andlosses among themselves based on the following stipulations that they agreed on:A)Salary of P30,000 to EL, OOH and DEE.В)10% interest on the capital balance before the distribution of income to the partners.A 20% bonus after bonus and interest to AREIS to be given to ARE.D)The balance is to be divided on a 3:4:2:1 ratio.If OOH receives P70,000 from the partnership results of operations, what is the net income of thepartnership?300,625b. 260,500С.270,625d. 277,500а.

Partnership is the agreement between more than two business to run a business with joint…

The partnership of EL, OOH, ARE and DEE reflected capital balances before the distribution of the net income amounting to P125,000; P100,000, P175,000 and P150,000. The partners are to divide profits and losses among themselves based on the following stipulations that they agreed on: A) Salary of P30,000 to EL, OOH and DEE. B) 10% interest on the capital balance before the distribution of income to the partners. A 20% bonus after bonus and interest to AREIS to be given to ARE. The balance is to be divided on a 3:4:2:1 ratio. D) If OOH receives P70,000 from the partnership results of operations, what is the net income of the partnership? 300,625 b. 260,500 c. 270,625 d. 277,500 а.