PRACTICAL ACCOUNTING PROBLEMS II Problem 3. Jamby and Miriam have just formed a partnership. Jamby contributed cash of F2, 205, 080 and office equipment that Problem 1. Jinky is trying to decide whether to accept a bonus cost P945, 080. The equipment had been used in her of 20% of net income after salaries and bonus or a salary of proprietorship and had been 70% depreciated, the appraised P97, 580 plus a bonus of 10% of net income after salaries and value of the equipment is F630, 080. Jamby also contributed a bonus as a means of allocating profit among thee partners. note payable of F210, 800 to be assumed by the partnership. Salaries traceable to the other partners are estimated to be Jamby is to have 80% interest in the partnership. Miriam F450, 030. What amount of income would be necessary so that contributed only F1, 575, 090 merchandise inventory at fair Jinky would consider the choices to be equal? market value. Assume the use of bonus method, the partner's capital must be in conformity with their profit and loss ratio upon formation. F1, 130, 080 F1, 197, 500 F450, 300 F1, 262,508