1. Anette, Vedah and Maricar are partners with capital balances of 1,280,000, 1,260,000 and 620,000, respectively.The partners share profit and losses 1:2:1. Maricar withdraw from the partnership and paid 800,000 for her interest.What is the capital balance of Anette after withdrawal of Maricar?

2. Kristine and Elena formed a general professional partnership.Their contributions are as follows:Kristine P150,000 and Elena P300,000.Profit for distribution is P98,000.The following errors were discovered before the final closing of the books: Understatement of salaries paid to the staff, P5,000 and overstatement of recorded depreciation by 3,000.Assuming there was no written agreement on how profit and loss is divided, how much is the share of Kristine on the corrected profit?

3. Abby admits Jane as a partner in the business. Balance sheet accounts of Abby just before the admission of Jane show: Cash, P104,000, Accounts receivable, P480,000, Merchandise inventory, P720,000, and Accounts payable, P248,000. It was agreed that for purposes of estab1ishin Abby's interest, the following adjustments be made: 1.) an allowance for doubtful accounts of 3% of accounts receivable is to be established; 2.) merchandise inventory is to be adjusted upward by P100,000; and 3.) prepaid expenses of P14,400 and accrued liabilities of P16,000 are to be recognized.If Belle is to invest sufficient cash to obtain 2/5 interest in the partnership, how much would Belle contribute to the new partnership?