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Problem Solving I. The following are the trans actions of a joint operation formed by A, B and C during a year: I A contributed cash of F400 and merchandise costing F'B 00. I B contributed merchandise costing 01,600. Freight-in paid by B is 80. I C made purchases amounting to F400 using the cash contributed by A. I C paid expenses of?800 using its own cash. I C made total sales of F3,200. All the merchandise was sold except one-half of those contributed by B. I C is appointed as the manager of the joint operation. As compensation, C is entitled to a =5'120 salary plus bonus of 25% on prot after salary and bonus. I Interest of 10% per annum is allowed to A and B's capital contributions. I C is charged for the cost of any unsold inventory. Prot or loss after necessary adjustments shall be divided equally. 1. How much is the prot or loss aFter salaries but before bonus of the joint operation? 2. 0n the cash settlement between the joint operators, II. A and B formed a joint operation. The following were the transactions during the year: A B Total purchases 4G0 320 Total sales 960 \"EU Expenses paid B Dther income 4G The joint operation was completed at the end of the year. Each joint operator is entitled to a 1D% commission on its purchases and a 2D% commission on its sales. Any remaining prot or loss is divided equally. 3. How much is the prot (loss) of the joint operation? 4-. On the cash settlement between the joint operators, III. A and 13 formed a joint operation. The following were the trans actions during the year: A B Total purchases 400 320 Total sales 4-80 241'.) Expenses paid EDD l[Ilther income 4-0 The joint operation was completed at the end of the year. Each joint operator is entitled to a 1D% commission on its purchases and a 2D% commission on its sales. Any remaining prot or loss is divided equally. 5. How much is the pro t {loss} of the joint operation? 6. 0n the cash settlement between the joint operators