8 . 1 9 10 . W . 11 . 1 . 12 1 . 13 . 1 . 14: 1 15 . 2. The balance sheet of R and S, a partnership appears as follows: R AND S PARTNERSHIP Balance Sheet October 31, 2018 ASSETS Current Assets: Cash P 41,100 Accounts Receivable P212,160 Allowance for bad debts 8.000 204,160 Inventories 241,100 Prepaid expenses 10.140 P496,500 Plant Assets: Furniture and Fixtures P 241,000 Accumulated Depreciation 68.200 172.000 Total assets P669.300 LIABILITIES AND CAPITAL Current Liabilities: Accounts payable P161,400 Accrued expenses 20.000 P182.200 Partner's capital: R, capital P260,350 S, capital 226.750 487.100 Total Liabilities and capital P669.300 R and S share profits and losses equally. The partners incorporate as H & G Corporation with an authorized capital of 5,000 shares at P100 par stock, of which 4,400 are issued to the partners in exchange for their interest in the net assets of R and S, and the remainder are issued at P120 per share for cash. The partners agree that the following adjustment should be recorded: Allowance for bad debts decreased by P 4,000 Inventories increased by 12,000 Accumulated depreciation decreased by 6,200 Goodwill is to be recognized in an amount which will cause the net assets of the partnership to equal the cash issuance price of the shares to be issued therefore. Questions: a. How much is the additional paid-capital contributed by R and S to the new corp.? b, How much goodwill is to be recognized in the corporation's books? C. How many shares R will receive