1. Cory and Fidel are partners who has a capital of P90,000 each and share profits and losses equally. The offer is to admit Gloria for one-third interest in the firm upon her investment of an amount equal to the agreed capital as a new partner. What is the partnership's agreed capital? OP135,000 5 points O P270,000 90,000 180,000 2. Gentile purchases 50% of Jew's capital interest in the JS Partnership for 5 points P220,000. If the capital balances of Jew and Samaritan are P300,000 and P400,000 respectively, Gentile's capital balance following the purchase is: #220,000 OP350,000 P200,000 #150,000 3. Supposing that the old partnership of Juday and Jolens reported the following: Jolens - Capital, P200,000, P&L ratio - 40%; Juday - Capital, P300,000, P&L ratio - 60%. If Angel is to be admitted for 20% interest in the partnership by investing, then the new profit and loss ratio of the new partnership would be: * Jolens - 40%; Juday - 40%; Angel - 20% Jolens - 30%; Juday - 50%; Angel - 20% Jolens 40%, Juday - 60%; Angel - 20% Jolens - 32%, Juday - 48%; Angel - 20% 5 points