₱74,800

Bunag, Belen and Bustos are partners in an accounting firm. Their capital
account balances at year-end were ₱180,000, ₱220,000 and ₱100,000,
respectively. They share profits and losses on a 4:4:2 ratio, after
considering the following terms:
A. Bustos is to receive a bonus of 10% of profit after bonus.
B. Interest of 10% shall be paid on that portion of a partner's capital in
excess of ₱200,000.
C. Salaries of ₱20,000 and ₱24,000 shall be paid to partner's Bunag and
Bustos, respectively
What is the total profit share of Bustos assuming the profit for the year is
₱220,000?
 Bunag Belen Bustos Total
capital account balances at year-end 180000.00 220000.00 100000.00 500000.00
bonus of 10% of profit after bonus. 20000.00 20000.00
Interest of 10% in excess of ₱200,000 2000.00 2000.00
Salaries 20000.00 24000.00 44000.00
Remainder -138400.00 -138400.00 -69200.00 -346000.00
share profits and losses 61600.00 83600.00 74800.00 220000.00