10. Onate, Guillermo, and Cumagun are partners sharing profits on a 5:3:2 ratio. On Jan. 1, 2019, Aglugob was admitted into the partnership with a 10% share in profits. The old partners continue to...

Extracted text: 10. Onate, Guillermo, and Cumagun are partners sharing profits on a 5:3:2 ratio. On Jan. 1, 2019, Aglugob was admitted into the partnership with a 10% share in profits. The old partners continue to participate in profits in their original ratio. For 2019, the profit of the partnership was reported as P12,500. However, it was discovered that the following items were omitted in the firm's books: Unrecorded at year-end 2018 2019 Prepaid Expense P800 Accrued Expense P600 Unearned Income 700 Accrued Income 500 The new profit and loss ratio for Guillermo, and the share of partner Cumagun in the 2019 profit would be a. 30% and P2,214 b. 27% and P2,214 c. 27% and P2,286 d. 30% and P2,286