Ace, Boy and Cid are partners sharing profits in the ratio of 3:3:2. On July 31, their capital balances are as follows: Ace P700,000, Boy P500,000, and Cid P400,000. The partners agree to admit Deo on the following agreement: (a) Deo is to pay Ace P500,000 for interest of Aces interest; (b) Deo is also to invest P400,000 in the partnership; (c) The total capital of the partnership is to be P2,400,000, of which Deos interest is to be 25%. What is the capital balance of Deo after his admission?

Question Description Ace, Boy, and Cid are partners sharing profits in the ratio of 33:2. On July 31, their capital balances are as follows: Ace-P700.000, toy P500,000, and Cid - P400,000. The partners agree to admit Deo on the following agreement:ta) Dea is to pay Ace P500.000 for interest of Ace's interest: (b) Deo is also to invest P400.000 in the partnership: () The total capital of the partnership is to be P2.400.000, of which Deo's interest is to be 25%. What is the capital balance of Deo after his admission