Problem 3 Emo and Ted are partners engaged in a manufacturing business. Transactions affecting the partners' capital accounts are as follows: Emo Ted Debit Credit Debit Credit January 1 P50,000 P70,000 April 1 30,000 P20,000 June 30 P25,000 50,000 September 1 45,000 60,000 October 1 70,000 40,000 The income summary has a debit balance of P45,000. The agreement between Emo and Ted includes the following terms: Interest on average capital at 8%; . Salaries of P25,000 and P35,000 are given to Emo and Ted respectively; . Bonus to Ted at 25% of net income after deducting interest and salaries but before deducting bonus; and . Balance is divided equally 24. How much is the net increase/decrease in Ted's capital account during 2021? (Encode your answer by indicating if it is increase or decrease e. g. 50,500 increase; 40,000 decrease) 25. How much is the share of Emo in the P45,000 debit balance in the income summary