Elaborate every instructions.

Chapter 3 - Partnership Operations 115 Exercise 3-8 (Capital Balances Ratio Adjusted to Profit and Loss Ratio) Balbin, Bagtas, and Banta are partners sharing profits 40%, 35%, and 25%. Partners' original capital were in this ratio but on June 30, 2014, capital balances are as follows: Balbin - P240,000; Bagtas - P200,000; and Banta - P200,000. Partners want to bring capital balances into the profit and loss ratio. Instructions: 1. Assuming that the capital balances are to be brought into the profit and loss ratio by payments outside of the firm among partners, the total firm capital to remain the same, what cash transfers are required between or among partners and what entry would be made on the firm books? 2. Assuming that the capital balances are to be brought into the profit and loss ratio by the lowest possible cash investment in the firm by the partners, what additional investments are required and what entry would be made on the firm books? 3. Assuming that the capital balances are to be brought into the profit and loss ratio by the lowest possible additional cash investment or cash withdrawal from the firm by the partners, what additional cash investments or cash withdrawals are required and what entry would be made in the firm books? WIDE Exercise 3-9 (Computation of Partnership Profit) Barte, a partner in the BBB Partnership, has a 25% participation in profit. Barte's capital account had a net decrease of P240,000 during the year 2014. During 2014, Barte 000 withdrew P520,000 (charged against his capital account) and invested in the partnership a property with a fair value of P100,000. Instructions: Determine the profit of the BBB Partnership for the year 2014. an incentive e tax rate is owing zo As and income but before de