B, G, and C put up a partnership on April 1, 2017. The following capital balances were taken from the books on December 31, 2017. before closing net income: B, Capital P84,000 G, Capital 114,000 C,...

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Extracted text: B, G, and C put up a partnership on April 1, 2017. The following capital balances were taken from the books on December 31, 2017. before closing net income: B, Capital P84,000 G, Capital 114,000 C, Capital 92,000 During the year, B permanently withdrew P10,000 cash while C invested a property with a fair value of P22,000. The partners agreed to distribute profits for the first year as follows: Annual salary of P30,000 to G and P25,000 to C. Allow a 5% interest to each partner on their capital at the inception of the partnership. Allow a 20% bonus to B based on net income after salaries, interests, and bonus. Any remaining undistributed profit or loss will be distributed in the following manner: . In the ratio 2:3:5, if under-allocated Equally, if over-allocated Case 1: The net income of the partnership is P100,000 during the year 2017. How much is the bonus given to B? 0 7.979 O 8,054 O 7.375 07475