Question: How much would have been the total profits given to Edwin from 2020 to 2021? Partners Ben, Noreen, Lani, and Edwin initially invested P45,000; P60,000;

How much would have been the total profits given to Edwin from 2020 to 2021?

Partners Ben, Noreen, Lani, and Edwin initially invested P45,000; P60,000; P65,000 and P85,000 each to form a partnership on July 1, 2020. They divide profit and losses based on the following: a) Annual Salaries of P15,000, P20,000 and P20,000 to Ben, Noreen, and Lani; b) 10% annual interest on original capital to Lani; 20% bonus to Edwin before salaries, interest, and bonus; The balance is to be divided into a 4:3:2:1 ratio to Ben, Noreen, Lani, and Edwin each, respectively. If on December 31, 2021 the capital balances of Noreen and Lani total P250,000, how much would have been the total profits given to Edwin at this time (from 2020 to 2021)? Your

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