A and B are partners sharing profits and losses equally and have the following capital balances: P50,000 and P75,000, respectively. C, new partner, acquired 25% interest in the partnership by way of direct purchase from A and B. Land is undervalued by P30,000 prior to C's admission. 4. What is the capital balance of A after admission of C? A. 26,250 B. 38,750 C. 48,750 D. 67,500