As of September 30, 2019, the statement of financial position of R Mahangin are the following: Cash P 5000 Accounts Receivable Merchandise Inventory 20000 30000 36000 6000 Furniture & Fixtures Accounts Payable Information: 5% of the receivables proved to be uncollected, Merchandise Inventory has obsolete items costing P10000. Furniture may cost 40000. Mr R Bagyo is to be admitted as a partner upon investing P40000 cash and P20000 worth of merchandise. What is the total asset of the partnership? SHOW COMPUTATION