6. Billy and Sheehan are partners in Bass Co. Their partnership agreement states that Billy is entitled to an annual salary of PI00,000 and a bonus of 10% of agafit anter salary but before Partuership...

6. Under Millan book. This is not a part of our exam but is included in the reference book and I want to review its answer.

Extracted text: 6. Billy and Sheehan are partners in Bass Co. Their partnership agreement states that Billy is entitled to an annual salary of PI00,000 and a bonus of 10% of agafit anter salary but before Partuership Operations 51 bonus. The remainder is shared in the ratio of 72. Sheehan's share in partnership profit for the year was P296000. How much was the partnership profit before Billy's salary and bonus? a. 1,580,000 b. 1,672,342 c. 1,751,348 d. 1,420,000