C, P and A are new CPA's and are to form an accounting partnership. C is to contribute cash of P75,000 and his computer originally bought at P80,000 but has a second hand value of P50,000. P is to contribute cash of P100,000, and tables and chairs worth P20,000 but acquired by P for only P18,000. A, whose family is selling computers, is to contribute cash of P40,000 and a brand new computer plus printer with a regular price at P80,000 but which cost their family's computer dealership P70,000. Partners agree to share profit 3:2:3. The capital balances of C, P, and A, respectively, upon formation are:

P135,875; P91,250 and P136,875

P125,000; P120,000 and P120,000

P143,625; P95,750 and P143,625

P155,000; P118,000; and P110,000