EX-5. CC, DD, and EE, doctors, agree to form a partnership and to share profits in the ratio of 5:3:2. They also agreed that EE is to be allowed a salary of P 14,000, and that DD is to be guaranteed P 10,500 as his share of the profits. During the first year of operation, income from fees are P 90,000, while expenses total P 48,000. What amount of net income should be credited to each partners' capital account?

EX-7. D wants to purchase one-fourth interest in the partnership of A, B, and C. The three partners agree to sell A one-fourth of their respective capital and profit and loss interests in exchange for a total payment of P 40,000. The partner's capital accounts and the profit and loss ratio immediately before the admission of D are as follows:

Capital Accounts Profit and Loss Ratio

A P 80,000 60%

B 40,000 30%

C 20,000 10%

All assets and liabilities are fairly valued and implied goodwill is to be recorded upon the admission of D. Immediately after D's admission, what should be the capital balances of A, B, and C respectively?

EX-10. A, B, and C were partners with capital balances on January 2, 2020 of P 100,000, P 150,000, and P 200,000, respectively. Their profit and loss ratio is 5:3:2. On July 1, 2020, A retires from the partnership on the date of retirement the partnership net income is P 140,000 and the partners agreed that inventories are to be revalued at P 70,000 from its original cost of P 50,000. The partners agreed further to pay A P 195,000 in settlement of her interest. What are the capital balances of the remaining partners after the retirement of A?