A and B are partners in AB Partnership with the following capital balances as of October $31,$ prior to admission of C:

A$,$ Capital $(40\%)$ P$60,000$

B$,$ Capital $(60\%)60,000$

C is to be admitted into the partnership by investing additional cash of P$48,000$ for a $25\%$ interest.

What is the capital balance of partner B after the admission of C$?$

ANSWER SHOULD BE $63,600.$ SHOW SOLUTIONS.