Reference no: EM132579496

Question - On September 30, 2015, Lady, Gaga, and Blink agreed on a joint venture to sell their common stock shares of the BlackPink. Gains and losses are to be shared in proportion to the contributed shares. Lady contributes 6,000 shares, which had cost her P84 a share; Gaga gave 10,000 shares which had cost P116 each and Blink 4,000 shares which had cost P124 per share. The par value of the shares was P100 and when the venture began, market value was P80 a share. On October 20, she sold 4,500 shares for P88 a share and P6,000 expenses incurred. On November 1, BlackPink distributed a stock dividend of 20%. Blink sold 5,000 shares, ex-stock dividend, on November 5 for P50 a share. On November 15, BlackPink paid cash dividend of P2 per share. On November 22, she sold 6,000 shares for P56. On December 20, the remainder of the shares were sold for P70 a share. Blink's expenses were P9,400. Assuming the venture is ended on December 31, find the share of Lady in the loss of the venture?

a. 24, 260

b. 26, 260

c. 22, 260

d. 20, 260