9:23 IT . LTE2 .Ill 22% X o Ask new Question The partnership of Beltran, Bernal, and Basco was formed on January 1, 2023. The original cash investments were as follows: Beltran P 384,000 Bernal 576,000 Basco 864,000 According to the partnership contract, profit or loss will be divided among the partners as follows: 1. Salaries of P57,600 for Beltran, P48,000 for Bernal and P38,400 for Basco. 2. Interest of 8% on average capital balances during the year. 3. Remaining profit will be divided equally The profit of the partnership for the year ended December 31, 2023 was P450,000. Beltran invested ar additional P96,000 in the partnership on July 1, 2023. Basco withdrew P144,000 from the partnership o October 1, 2023; and Beltran, Bernal, and Basco made regular drawings of P48,000 each against their share of profit during the calendar year 2023 Requirements: 1. Prepare a schedule showing the division of profit among the three partners (10pts) 2. Prepare a schedule showing the division of profit among the three partners (10pts)