Modesto 300,000

Resultay 400,000
Cadelina 200,000

a. 740,000 profit 2:5:3 ratio

Modesto Resultay Cadelina Total

Salaries 150,000.00 150,000.00 150,000.00 450,000.00
Interest 30,000.00 40,000.00 20,000.00 90,000.00
Remainder
=200000*2/10 40,000.00 40,000.00
=200000*5/10 100,000.00 100,000.00
=200000*3/10 60,000.00 60,000.00
220,000.00 290,000.00 230,000.00 740,000.00

b. 140,000 profit 2:5:3 ratio

Modesto Resultay Cadelina Total

Salaries 150,000.00 150,000.00 150,000.00 450,000.00
Interest 30,000.00 40,000.00 20,000.00 90,000.00
Remainder
=-400000*2/10 (80,000.00)
=-400000*5/10 (200,000.00)
=-400000*3/10 (120,000.00)
100,000.00 (10,000.00) 50,000.00 140,000.00

c. 60,000 loss ratio 2:5:3

Modesto Resultay Cadelina Total

Salaries 150,000.00 150,000.00 150,000.00 450,000.00
Interest 30,000.00 40,000.00 20,000.00 90,000.00
Remainder
=-600000*2/10 (120,000.00)
=-600000*5/10 (300,000.00)
=-600000*3/10 (180,000.00)
60,000.00 (110,000.00) (10,000.00) (60,000.00)
Income Summary 740,000.00
Modesto Capital 220,000.00
Resultay Capital 290,000.00
Cadelina Capital 230,000.00
To record distribution of Profit

Income Summary 140,000.00

Resultay Capital 10,000.00
Modesto Capital 100,000.00
Cadelina Capital 50,000.00
To record distribution of Profit

Resultay Capital 110,000.00

Cadelina Capital 10,000.00
Income Summary 60,000.00
Modesto Capital 60,000.00
To record distribution of Loss