Dear Tutor, I need help with exercise 3-4. Thank you.

Looking forward to your help.

Exercise 3-4. Distribution of Net Income to partners The following is the statement of financial position of MEC Parthership as of June 30,2023: MEC Partnership Statement of Financial Position June 30, 2023 The partners agreed to distribute the profits as follows: (a) interest on ending capital of 10%; (b) Annual salaries to Elizabeth and Cecilia of P120,000 each; and (c) Remainder: 4:3:3. Compute the share of each of the partners in the net income amounting to P250,000 generated by the partnership during the Required: si xm onth period ending June 30