A, B and C are partners in the accounting firm. Their capital account balances at year end were: A - P 90,000 B- P 110,000 C- P 50,000. They share profits and losses in a 4:4:2 ratio, after the...

A, B and C are partners in the accounting firm. Their capital account balances at year end were:
A - P 90,000
B- P 110,000
C- P 50,000.
They share profits and losses in a 4:4:2 ratio, after the following special terms:
1. Partner C is to receive a bonus of 10% of the net income after bonus.
2. Interest of 10% shall be paid on that portion of a partner's capital in excess of P 100,000
3. Salaries of P 10,000 and P 12,000 shall be paid to partners A and C, respectively.
Assuming a net income of P 44,000 for the year, the total profit share of partner C would be: