compute the problem, highlight the final answer and show solution

Maloi, Aiah, and Mikha formed a partnership on Jan. 1, 2024 with capital contributions of P300,000, P500,000, and P200,000, respectively. For the year ended Dec. 31, 2024, the partnership reported profit of P450,000. Required: Determine the partners' share in the profit under each of the following independent situations and prepare the entry to record the profit allocation to individual capital accounts: a. Profit is allocated on the basis of the initial capital contributions. b. Each partner is allotted an interest of 7% on initial capital contributions and the remainder is divided among Maloi, Aiah, and Mikha in the ratio 4:3:1, respectively. c. Salaries of P50,000, P40,000, and P30,000 are given to Maloi, Aiah, and Mikha, respectively; 5% interest on initial capital contributions, and any remainder is divided in the ratio 4:3:1, respectively. d. Salaries of P30,000, P45,000, and P65,000 are given to Maloi, Aiah, and Mikha, respectively; 5% interest on initial capital contributions; bonus to Maloi of 8% of profit after deducting bonus but before deducting salaries and interest; and any remainder divided equally