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How much is the capital balance of yahiko

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Question - As of December 31, 2020, Yahiko, Konan, and Nagato have capital balances of P240,000, P370,000, and P190,000, respectively. The partners agreed to have an interest of 8% based on their capital balances. Nagato is to be given a bonus of 20% of profit after bonus and tax. All partners are entitled to receive P20,800 salary for the year. Any remainder is to be divided in a ratio of 3:4:1. The partnership profit for the year is P120,000. How much is the capital balance of Yahiko after the distribution of profit?

Reference no: EM133145724

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