2.On January 1, 2021, Lombre and Ludicolo agreed to form a partnership contributing their respective assets and equities subject to adjustments. On that date, the following were provided; Lombre Ludicolo Cash P28,000 P62,000 Accounts receivable 200,000 600,000 Inventories 120.000 200,000 Land 600,000 Building 500,000 Furniture & fixtures 50,000 35,000 Intangible assets 2,000 3.000 Accounts payable (180,000) (250,000) Other liabilities (200.000 (350.000) Capital 620,000 800,000 The following adjustments were agreed upon: a. Accounts receivable of P20,000 and P40,000 are uncollectible in Lombre's and Ludicolo's respective books. b.Inventories of P6,000 and P7,000 are worthless in Lombre's and Ludicolo's respective books. c.Intangible assets are to be written off in both books, What will be the capital balances of the partners after adjustments? Lombre 592,000; Ludicolo 750,000 Lombre 600,000; Ludicolo 700,000 Lombre 592,000; Ludicolo 756,300 Lombre 600,000; Ludicolo 750,000