University of San Jose-Recoletos

School of Business and Management

Accounting for Special Transaction

CABINAS, JOSHUA JAMES R. 6497: STAT

BSA-3

CHAPTER 17
1. C
2. D
3. B
4. C
5. B
6. C
7. A
8. B
9. C
10. C
11. C
12. C
13. A
14. D
15. A
16. C
17. A
18. C
19. D
20. A
21. A
22. C
23. A
24. D
25. A
SOLUTION:
1. The fair value, P 45000
2. prevailing selling price= fair market value, P 50,000
3. Market Value ₱ 400,000.00
Historical Value ₱ 290,000.00
Accumulted dep ₱ 100,000.00
₱ 210,000.00

₱ 270,000.00
₱ 210,000.00
₱ 60,000.00
3
₱ 20,000.00
₱ 230,000.00
4. The contributed amount, P 70,000

5. ₱ 60,000.00
₱ 80,000.00
₱ 100,000.00
₱ 240,000.00

6. ₱ 30,000.00
₱ 50,000.00
₱ 25,000.00
₱ 105,000.00
3
₱ 35,000.00
₱ 30,000.00
₱ 5,000.00
7. total aggreed capital ₱ 125,000.00
less:total contributed capital ₱ 115,000.00
Goodwill (revaluation of asset upward) ₱ 10,000.00

asset fair value ₱ 95,000.00

less: Liabilities assumed ₱ 30,000.00
Bill, Capital ₱ 65,000.00
8. WW MM
cash ₱ 20,000.00 ₱ 30,000.00
Inventory ₱ - ₱ 15,000.00
Building ₱ - ₱ 40,000.00
Furniture and Equipment ₱ 15,000.00 ₱ -
TOTAL ₱ 35,000.00 ₱ 85,000.00

Less:Mortagage assumes by
partnership ₱ 10,000.00
amount credited to capital ₱ 35,000.00 ₱ 75,000.00
9. EVAN HELEN
Unadjusted capital ₱ 59,625.00 ₱ 33,500.00
adjsument
allowance -₱ 555.00 -₱ 405.00
depreciation ₱ - -₱ 900.00
adjusted capital ₱ 59,070.00 ₱ 32,195.00

JONES SMITH
Cash ₱ 80,000.00 ₱ 40,000.00
Building ₱ 400,000.00
Inventory ₱ 280,000.00
Mortagage payable -₱ 120,000.00
Accounts payable -₱ 60,000.00
10. Parners Capital ₱ 360,000.00 ₱ 260,000.00

Unadjusted capital ₱ 33,000.00

adjsument
allowance -₱ 426.00
Increase in merchandise inv. ₱ 3,000.00
paid salary ₱ 600.00
accrued rent expense -₱ 800.00
11. adjusted capital balance ₱ 35,374.00

adjusted capital balance ₱ 35,374.00

divided by: Capital interest 2/3
total capital of the partnership ₱ 53,061.00
less: adjsuted capital balance ₱ 35,374.00
12. Capital balance ₱ 17,687.00

total assets:
cash ₱ 70,000.00
machinery ₱ 75,000.00
building ₱ 225,000.00 ₱ 370,000.00
less: liabilities ₱ 90,000.00
13. net asset of FF's capital account ₱ 280,000.00
 net asset of FF's capital account ₱ 280,000.00
divided by share percentage 70%
required capital of CC ₱ 400,000.00
30% ₱ 120,000.00
cash ₱ 30,000.00
machinery ₱ 25,000.00
building ₱ 10,000.00 ₱ 65,000.00
14. cash to be invested by CC ₱ 55,000.00

Cash ₱ 100,000.00
Equipment ₱ 110,000.00
note payable ₱ 30,000.00
John, Capital ₱ 60,000.00
Jeff, Capital ₱ 60,000.00
15. Jane, Capital ₱ 60,000.00

Cash ₱ 100,000.00
Godwill ₱ 90,000.00
Equipment ₱ 110,000.00
note payable ₱ 30,000.00
John, Capital ₱ 90,000.00
Jeff, Capital ₱ 90,000.00
16. Jane, Capital ₱ 90,000.00

FF Capital
unadjusted balance ₱ 57,000.00
Adjusments
accumulated depreciation ₱ 1,500.00
allowance for bad debt ₱ 12,000.00
17. Adjusted balance ₱ 43,500.00

GG adjusted capital ₱ 40,500.00 ₱ 40,500.00

divided by GG share percetage 40%
total partnership capital ₱ 101,250.00
Multipy by FF share percentage 60%
FF capital credit ₱ 60,750.00
FF adjusted capital ₱ 43,500.00
18. additional cash to be invested ₱ 17,250.00
 total capital of the partnership
after admission of RR ₱ 296,875.00
multiply by RR interest 20%
19. cash to be invested by RR ₱ 59,375.00

OO PP TOTAL
60% 40%
Unadjsuted capital balaces ₱ 133,000.00 ₱ 108,000.00 ₱ 241,000.00
adjustment
allowance for bad debts -₱ 2,700.00 -₱ 1,800.00 -₱ 4,500.00
Inventories ₱ 3,000.00 ₱ 2,000.00 ₱ 5,000.00
accrued expense -₱ 2,400.00 -₱ 1,600.00 -₱ 4,000.00
adjusted capital balances ₱ 130,900.00 ₱ 106,600.00 ₱ 237,500.00

CAPITAL: before formation of new parnership ₱ 237,500.00

percentage share of OO and PP 50% 30% 80%
TOTAL CAPITAL OF THE PARTNERSHIP AFTER
20. ADMISSION ₱ 296,875.00

Agreed Capital contributed capital settlement

OO 50% ₱ 296,875.00 ₱148,437.50 ₱ 130,900.00 ₱ 17,537.50
21. PP 30% ₱ 296,875.00 ₱ 89,062.50 ₱ 106,600.00 -₱ 17,537.50

total partneship capital ₱ 113,640.00 3 ₱ 340,920.00

Les: DD Capital ₱ 113,640.00
CC capital after adjustments ₱ 227,280.00
Adjustments made
Allowance for bad debt ₱ 96,000.00 2% ₱ 1,920.00
Merchandise inventory -₱ 16,000.00
prepaid expenses -₱ 5,200.00
accrued expenses ₱ 3,200.00
22. CC's capital before adjustment ₱ 211,200.00
 asset invested by CC
cash
capital ₱ 211,200.00
add accounts payable ₱ 49,600.00
total assets excluding cash ₱ 260,800.00
less noncash asset ₱ 240,000.00 ₱ 20,800.00
accounts receivable ₱ 94,080.00
Merchandise inventory ₱ 160,000.00
prepaid expenses ₱ 5,200.00
cash invested by DD ₱ 113,640.00
23. TOTAL ASSET OF THE PARTNERSHIP ₱ 393,720.00

total partnership capital ₱ 300,000.00

GG Capital ₱ 120,000.00
less cash investment ₱ 30,000.00
24. merchandise to be invested ₱ 90,000.00

JJ's adjusted capital

total assets ₱ 180,000.00
less: accounts payable ₱ 48,000.00 ₱ 132,000.00
JJ's required capital ₱ 180,000.00
25. cash to be invested ₱ 48,000.00
 University of San Jose-Recoletos
School of Business and Management
Accounting for Special Transaction

CABINAS, JOSHUA JAMES R. 6497: STAT

BSA-3

CHAPTER 18
1. C 26. A
2. B 27. B
3. B 28. B
4. A 29. D
5. A 30. C
6. D 31. A
7. C 32. D
8. B 33. A
9. C 34. B
10. C 35. B
11. D 36. B
12. C 37. C
13. B 38. B
14. B 39. C
15. B 40. B
16. D 41. D
17. A 42. C
18. B 43. B
19. D 44. C
20. A 45. A
21. A 46. A
22. A 47. B
23. D 48. C
24. A 49. A
25. D 50. B
51. B
Solution:
Capital ₱ 45,000.00
addtioanl investment ₱ 50,000.00
withdrawal -₱ 96,000.00
Net Income ₱31,000.00
1. Capital, ending ₱ 30,000.00

A B TOTAL
Salaries ₱ 20,000.00 ₱ 25,000.00 ₱ 45,000.00
interest ₱ 8,000.00 ₱ 10,000.00 ₱ 18,000.00
bonus ₱ 8,000.00 ₱ - ₱ 8,000.00
Balance, equally ₱ 8,500.00 ₱ - ₱ 17,000.00
2. TOTAL ₱ 44,500.00 ₱ 35,000.00 ₱ 88,000.00

BB GG Net Income
₱ 80,000.00
Salary ₱ 55,000.00 ₱ 45,000.00 ₱ 100,000.00
remainder -₱ 20,000.00

60:40:00 -₱ 12,000.00 -₱ 8,000.00 -₱ 20,000.00

3. Net Income ₱43,000.00 ₱37,000.00

A B TOTAL
Salaries ₱ 30,000.00 ₱ 45,000.00 ₱ 75,000.00
interest ₱ 5,000.00 ₱ 6,500.00 ₱ 11,500.00
bonus ₱ 3,600.00 ₱ - ₱ 3,600.00
25/75
Balance, equally ₱ 4,625.00 ₱ 13,875.00 ₱ 18,500.00
4. TOTAL ₱ 43,225.00 ₱ 65,375.00 ₱ 108,600.00

A B TOTAL
Salaries ₱ 40,000.00 ₱ 45,000.00 ₱ 85,000.00
interest ₱ 6,000.00 ₱ 9,000.00 ₱ 15,000.00
bonus ₱ - ₱ - ₱ -
1/3:2/3
Balance, equally -₱ 32,000.00 -₱ 16,000.00 -₱ 48,000.00
5. TOTAL ₱ 14,000.00 ₱ 38,000.00 ₱ 52,000.00
 Arker Becker Checker Total
Salaries ₱ 40,000.00 ₱ 40,000.00 ₱ - ₱ 80,000.00
interest ₱ - ₱ - ₱ - ₱ -
bonus ₱ - ₱ - ₱ 1,000.00 ₱ 1,000.00
Balance, 3:4:3 ₱ 3,000.00 ₱ 4,000.00 ₱ 3,000.00 ₱ 10,000.00
6. TOTAL ₱ 43,000.00 ₱ 44,000.00 ₱ 4,000.00 ₱ 91,000.00

A B TOTAL
Salaries ₱ 41,600.00 ₱ 38,400.00 ₱ 80,000.00
interest ₱ 2,000.00 ₱ 3,500.00 ₱ 5,500.00
bonus ₱ - ₱ - ₱ -
Balance, 1/3:2/3 -₱ 16,500.00 -₱ 33,000.00 -₱ 49,500.00
7. TOTAL ₱ 27,100.00 ₱ 8,900.00 ₱ 36,000.00

Tuba Drum Total

Salaries ₱ 25,000.00 ₱ 20,000.00 ₱ 45,000.00
interest ₱ 6,000.00 ₱ 9,000.00 ₱ 15,000.00
bonus ₱ - ₱ - ₱ -
Balance, equally -₱ 5,000.00 -₱ 5,000.00 -₱ 10,000.00
8. TOTAL ₱26,000.00 ₱24,000.00 ₱ 50,000.00

Mack Ruben Total

Salaries ₱ 90,000.00 ₱ 60,000.00 ₱ 150,000.00
Bal, 6:4 ₱ 30,000.00 ₱ 20,000.00 ₱ 50,000.00
9. TOTAL ₱ 120,000.00 ₱80,000.00 ₱ 200,000.00

Tuba Drum Total

Bal 6:4 ₱ 30,000.00 ₱ 20,000.00 ₱ 50,000.00
10. TOTAL ₱ 30,000.00 ₱ 20,000.00 ₱ 50,000.00

Net Income ₱ 180,000.00

allowed bonus ₱ 30,000.00
percentage 5%
11. total bonus ₱ 1,500.00

1% net income 3
12. 1% ₱120,000.00 3 ₱ 3,600.00
 ₱ 60,000.00
₱ 50,000.00 ₱ 10,000.00
0.6 ₱ 6,000.00
₱ 80,000.00
₱ 60,000.00 ₱ 20,000.00
0.7 ₱ 14,000.00
13. ₱ 20,000.00

₱ 300,000.00
₱ 200,000.00 ₱ 100,000.00
0.75 ₱ 75,000.00
₱ 380,000.00
₱ 300,000.00 ₱ 80,000.00
0.6 ₱ 48,000.00
14. ₱ 123,000.00

₱ 300,000.00
₱ 100,000.00 ₱ 200,000.00
0.35 ₱ 70,000.00
₱ 450,000.00
₱ 300,000.00 ₱ 150,000.00
0.55 ₱ 82,500.00
15. ₱ 152,500.00

land ₱ 70,000.00
Jennifer capital ₱ 70,000.00 60% ₱ 42,000.00
16. robert capital ₱ 70,000.00 40% ₱ 28,000.00

₱ 600,000.00
₱ 350,000.00 ₱ 250,000.00
40%
30% 10%
17. ₱ 25,000.00

XX YY ZZ Total
Salaries ₱ 60,000.00 ₱ 48,000.00 ₱ 36,000.00 ₱ 144,000.00
interest 10 % ₱ - ₱ - ₱ 7,500.00 ₱ 48,750.00
Balance, equally ₱ 5,000.00 ₱ 5,000.00 ₱ 5,000.00 ₱ 15,000.00
18. TOTAL ₱ 65,000.00 ₱ 53,000.00 ₱ 48,500.00 ₱ 207,750.00
 Arthur Baxter Cartwright Total
capital ₱ 60,000.00 ₱ 80,000.00 ₱ 100,000.00 ₱ 240,000.00
interest ₱ 6,000.00 ₱ 8,000.00 ₱ 10,000.00 ₱ 24,000.00
withrawal ₱ 5,000.00 ₱ 5,000.00 ₱ 5,000.00 ₱ 20,000.00
salaries ₱ - ₱ 20,000.00 ₱ - ₱ 20,000.00
bal 3:3:4 ₱ 1,800.00 ₱ 1,800.00 ₱ 2,400.00 ₱ 6,000.00
19. TOTAL ₱ 62,800.00 ₱ 84,800.00 ₱ 107,400.00 ₱250,000.00

Fist Year ₱ 110,000.00 ₱ 80,000.00 ₱ 110,000.00

Winston Durham Salem Total
interest ₱ 11,000.00 ₱ 8,000.00 ₱ 11,000.00 ₱ 30,000.00
salary ₱ 10,000.00 ₱ - ₱ 10,000.00 ₱ 20,000.00
withdrawal ₱ 10,000.00 ₱ 10,000.00 ₱ 10,000.00 ₱ 30,000.00
net loss -₱ 40,000.00 -₱ 16,000.00 -₱ 24,000.00 -₱ 80,000.00
total -₱ 29,000.00 ₱ 2,000.00 ₱ 7,000.00 ₱ -

second year
₱ 9,100.00 ₱ 6,200.00 ₱ 9,700.00
₱ 20,000.00 ₱ 10,000.00
₱ 10,000.00 ₱ 10,000.00 ₱ 10,000.00
₱ 7,500.00 ₱ 3,000.00 ₱ 4,500.00
20. ₱ 102,600.00 ₱ 55,200.00 ₱ 102,200.00

capital beg
additional inv ₱ 25,000.00
withdrawals ₱ 130,000.00
net income ₱ 45,000.00 30% ₱ 150,000.00
21. net decrease -₱ 60,000.00

Fox Greg Howe Total

Capital Beg ₱ 120,000.00 ₱ 60,000.00 ₱ 40,000.00 ₱ 220,000.00
Interest ₱ 12,000.00 ₱ 6,000.00 ₱ 4,000.00 ₱ 22,000.00
Salaries ₱ 30,000.00 ₱ - ₱ 20,000.00 ₱ 50,000.00
Balance equally -₱ 35,000.00 -₱ 35,000.00 -₱ 35,000.00 -₱ 105,000.00
22. total ₱ 7,000.00 -₱ 29,000.00 -₱ 11,000.00 -₱ 33,000.00

D E F Total
Salaries ₱ 25,000.00 ₱ 20,000.00 ₱ 25,000.00 ₱ 70,000.00
bonus ₱ 13,000.00 ₱ - ₱ - ₱ 13,000.00
Bal equally ₱ 28,200.00 ₱ 14,100.00 ₱ 4,700.00 ₱ 47,000.00
23. TOTAL ₱ 66,200.00 ₱ 34,100.00 ₱ 29,700.00 ₱ 130,000.00
 Cleary Wasser Nolan Total
Capital ₱ 100,000.00 ₱ 150,000.00 ₱ 200,000.00 ₱ 450,000.00
interest ₱ 10,000.00 ₱ 15,000.00 ₱ 20,000.00 ₱ 45,000.00
salary ₱ - ₱ 10,000.00 ₱ - ₱ 10,000.00
Bal 2:4:4 ₱ 19,000.00 ₱ 38,000.00 ₱ 38,000.00 ₱ 95,000.00
24. share of income ₱ 29,000.00 ₱ 63,000.00 ₱ 58,000.00 ₱ 150,000.00

withdrawal -₱ 12,000.00 -₱ 12,000.00 -₱ 12,000.00

25. capital, end ₱ 117,000.00 ₱201,000.00 ₱246,000.00

Cleary Wasser Nolan Total

Capital ₱ 117,000.00 ₱ 201,000.00 ₱ 246,000.00 ₱ 564,000.00
interest ₱ 11,700.00 ₱ 20,100.00 ₱ 24,600.00 ₱ 56,400.00
salary ₱ - ₱ 10,000.00 ₱ - ₱ 10,000.00
Bal 2:4:4 ₱ 22,720.00 ₱ 45,440.00 ₱ 45,440.00 ₱ 113,600.00
26. share of income ₱ 34,420.00 ₱ 75,540.00 ₱ 70,040.00 ₱ 180,000.00

withdrawal -₱ 12,000.00 -₱ 12,000.00 -₱ 12,000.00

27. capital, end ₱ 139,420.00 ₱264,540.00 ₱304,040.00

Young Eaton Thurman Total

Capital ₱ 143,000.00 ₱ 104,000.00 ₱ 143,000.00 ₱ 390,000.00
interest ₱ 14,300.00 ₱ 10,400.00 ₱ 14,300.00 ₱ 39,000.00
salary ₱ 26,000.00 ₱ - ₱ 13,000.00 ₱ 39,000.00
Bal 2:5:3 -₱ 52,000.00 -₱ 20,800.00 -₱ 31,200.00 -₱ 104,000.00
28. share loss -₱ 11,700.00 -₱ 10,400.00 -₱ 3,900.00 -₱ 26,000.00

withdrawal -₱ 13,000.00 -₱ 13,000.00 -₱ 13,000.00

29. capital, end ₱ 118,300.00 ₱ 80,600.00 ₱126,100.00

Young Eaton Thurman Total

Capital ₱ 118,300.00 ₱ 80,600.00 ₱ 126,100.00 ₱ 325,000.00
interest ₱ 11,830.00 ₱ 8,060.00 ₱ 12,610.00 ₱ 32,500.00
salary ₱ 26,000.00 ₱ - ₱ 13,000.00 ₱ 39,000.00
Bal 2:5:3 -₱ 9,750.00 -₱ 3,900.00 -₱ 5,850.00 -₱ 19,500.00
30. share loss ₱ 28,080.00 ₱ 4,160.00 ₱ 19,760.00 ₱ 52,000.00

withdrawal -₱ 13,000.00 -₱ 13,000.00 -₱ 13,000.00

31. capital, end ₱ 133,380.00 ₱ 71,760.00 ₱132,860.00
32. Since both partners contributed equal capital balances, any increased in capital will also had an
equal effect to both partner. Additional 40 000 will be credited to NN as goodwill to the
partnership

₱ 25,000.00
60%
33. ₱ 15,000.00

Feb 1 20x4 ₱ 20,000.00 4 ₱ 80,000.00

Jun 1 20x4 ₱ 40,000.00 3 ₱ 120,000.00
Sep 1 20x4 ₱ 30,000.00 4 ₱ 120,000.00
₱ 320,000.00
12
34. ₱ 26,666.67

Interest ₱ 500,000.00 10% ₱ 50,000.00

salary ₱ 30,000.00
Bonus ₱ -
total allocation ₱ 80,000.00
₱ 60,000.00
35. over-all allocation ₱ 20,000.00

BB
interest allocation ₱ 20,000.00 ₱ 40,000.00
salary allocation ₱ 10,000.00 ₱ 30,000.00
CC ₱ 10,000.00
interest allocation ₱ 30,000.00 ₱ 60,000.00
salary allocation ₱ 20,000.00 ₱ 50,000.00
postive allocation ₱ 80,000.00 ₱ 10,000.00
residual adjustment -₱ 100,000.00
36. -₱ 20,000.00

J P B Total
salary ₱ 50,000.00 ₱ 60,000.00 ₱ 30,000.00 ₱ 140,000.00
Bonus ₱ 16,000.00 ₱ 8,000.00 ₱ 16,000.00 ₱ 40,000.00
Bal 3:4:3 -₱ 6,000.00 -₱ 8,000.00 -₱ 6,000.00 -₱ 20,000.00
37. TOTAL ₱ 60,000.00 ₱ 60,000.00 ₱ 40,000.00 ₱160,000.00
 A P B Total
salary ₱ 30,000.00 ₱ 10,000.00 ₱ 40,000.00 ₱ 80,000.00
interest ₱ 5,000.00 ₱ 3,000.00 ₱ 2,000.00 ₱ 10,000.00
Bal 4:4:2 ₱ 24,000.00 ₱ 24,000.00 ₱ 12,000.00 ₱ 60,000.00
38. TOTAL ₱ 59,000.00 ₱ 37,000.00 ₱ 54,000.00 ₱150,000.00

A P B Total
salary ₱ 30,000.00 ₱ 10,000.00 ₱ 40,000.00 ₱ 80,000.00
interest ₱ 5,000.00 ₱ 3,000.00 ₱ 2,000.00 ₱ 10,000.00
Bal 4:4:2 -₱ 16,000.00 -₱ 16,000.00 -₱ 8,000.00 -₱ 40,000.00
39. TOTAL ₱ 19,000.00 -₱ 3,000.00 ₱ 34,000.00 ₱ 50,000.00

Donald Hanes May Total

salary ₱ 200,000.00 ₱100,000.00 ₱100,000.00 ₱ 400,000.00
40. 35% ₱ 70,000.00 ₱ 35,000.00 ₱ 35,000.00 ₱ 140,000.00

41.
₱ 30,000.00
₱ 40,000.00
42. ₱ 70,000.00

₱ 70,000.00
₱ 40,000.00
₱ 10,000.00
₱ 2,000.00 ₱ 52,000.00
43. ₱ 18,000.00

44.
 DD EE TOTAL
salaries ₱ 18,000.00 ₱ 24,000.00 ₱ 42,000.00
interest ₱ 15,000.00 ₱ 20,000.00 ₱ 35,000.00
balance 60%:40% ₱ 25,800.00 ₱ 17,200.00 ₱ 43,000.00
45. share in net income ₱ 58,800.00 ₱ 61,200.00 ₱ 120,000.00

DD EE TOTAL
capital ₱ 150,000.00 ₱ 180,000.00 ₱ 330,000.00
additonal inv ₱ - ₱ 60,000.00 ₱ 60,000.00
withdrawals -₱ 18,000.00 -₱ 24,000.00 -₱ 42,000.00
net income ₱ 58,800.00 ₱ 61,200.00 ₱ 120,000.00
46. capital ₱ 190,800.00 ₱277,200.00 ₱ 468,000.00

DD EE TOTAL
interest on ave. capital ₱ 15,000.00 ₱ 20,000.00 ₱ 35,000.00
balance ₱ 51,000.00 ₱ 34,000.00 ₱ 85,000.00
47. share in net income ₱ 66,000.00 ₱ 54,000.00 ₱ 120,000.00

DD EE
capital ₱ 150,000.00 ₱ 180,000.00
additonal inv ₱ - ₱ 60,000.00
share in net income ₱ 66,000.00 ₱ 54,000.00
salaries withdrawal -₱ 18,000.00 -₱ 24,000.00
salaries ₱ 18,000.00 ₱ 24,000.00
48. capital ₱ 216,000.00 ₱294,000.00

NN OO TOTAL
salaries ₱ 180,000.00 ₱ - ₱ 180,000.00
Adjustment ₱ 24,000.00 ₱ 16,000.00 ₱ 40,000.00
bal equally ₱ 15,000.00 ₱ 15,000.00 ₱ 30,000.00
49. share in net income ₱ 219,000.00 ₱ 31,000.00 ₱ 250,000.00

OLD P&L Interest NEW P&L

Abe 70% 59.50%
Bert 20% 85% 17%
Carl 10% 8.50%
Dave 15% 15%
50. total 100% 100% 100%
 Unadjusted Net Income ₱15,000.00
Accrued expense -₱ 1,050.00
accrued income ₱ 875.00
prepaid expense -₱ 1,400.00
unearned income ₱ 1,225.00
Adjusted net Income ₱14,650.00
P&L 17%
51. Bert Share ₱ 2,490.50