84. Abe, Bert, and Carl are partners sharing profit on a 7:2:1 ratio. On January 1,2013, Dave was admitted into the partmership with 15% share in profits. The old part- ners continue to participate in...

Extracted text: 84. Abe, Bert, and Carl are partners sharing profit on a 7:2:1 ratio. On January 1,2013, Dave was admitted into the partmership with 15% share in profits. The old part- ners continue to participate in profits in their original ratios. For the year 2013, the partnership showed a profit of P15,000. However, it was discovered that the following items were omitted in the firm's book: * Unrecorded at year end Accrued expense 2012 2013 PI,050 Accrued income 875 Prepaid expenses Unearned income PI,400 PI,225 The share of partner Bert in the 2013 net profit is: A. P2,197.50 B. P2,490.50 C. P2,637.00 O D. P3,149.75