9. Calma and Abello formed a partnership on April 1 and contributed the following assets: Calma Abello Cash P150, 000 P50. 000 Land 310, 000 The land was subject to a mortgage of P30, 000, which was assumed by the partnership. Under the partnership agreement, Calma and Abello will share profit and loss in the one-third and two-thirds, respectively. Abello's capital account at April 1 should be a. P330, 000. b. P360, 000. C. P300, 000. P340, 000