Assuming A's capital at the time of formation is 25% more from the capital credited of B and such that the cash invested by B is equal to the cash invested by A, what is the value of the non-cash asset contributed by B? * (1 Point) A admits B as a partner in business. Accounts in the ledger for A on November 30, 2019, just before the admission of B, shows the following balances: Cash Accounts receivable Merchandise inventory P52,000 140,000 360,000 Accounts payable A, capital P124,000 428,000 It is agreed that for the purposes of establishing A's interest the following adjustments should be made: a. An allowance for doubtful accounts of 5% of accounts receivable is to be established. b. The merchandise inventory is to be valued at P250,000 c. Prepaid expenses of P10,000 and accrued liabilities of P 12,000 are to be established. P 247,200 P 195,200 P 52,000 P 334,250 Option 2