Problem
Bart and Bert, On January 1, 2021, have respective capital balances of P30,000 and P50,000. Bart invested an additional P30,000 on June 30, while Bert invested an additional P60,000 on November 1. Bart had a capital withdrawal of P12,000 on August 1, while Bert had a capital withdrawal of P20,000 on September 30. The partners allow respective monthly salaries of P500 and P600, credit 15% interest on average capital balances, and share residual earnings equally. Bart withdrew P100 per week while Bert withdrew P125 per week in anticipation of future profits. The partnership reports an operating income of P25,000 for 2021. What is Bart's ending capital balance?