31 2 pts May and Jun are partners with profit and loss ratio of 65:35 and capital balances of P840,000 and P230,000, respectively. Julie is to be admitted into the partnership for 25% interest in the capital, profits and losses by investing cash. Assuming that the equipment of the partnership is undervalued by P10,000 and inventories are overvalued by P50,000. How much is the capital balance of May after admission of Julie