BDO and OSD formed a joint operation to buy and sell certain merchandise. Their capital contributions and profit and loss ratios are presented below: Contributions Cash P & L Ratio Merchandise BDO P...

Extracted text: BDO and OSD formed a joint operation to buy and sell certain merchandise. Their capital contributions and profit and loss ratios are presented below: Contributions Cash P & L Ratio Merchandise BDO P 5,000 P 8,000 50% OSD 6,000 50% A summary of the joint operation activities is as follows: Purchases of merchandise by OSD Expenses paid by OSD: P 4,000 P 400 Taxes and licenses Freight on merchandise contributed by BDO Delivery expense on merchandise sold Sales (all of the merchandise contributed and purchased by OSD and one-half of those contributed by 300 200 BDO) – selling price 14,000 The joint operation is terminated. Compute the share of OSD in income?