Contributions are as follows: Cash P1: 250,000 P2: 1,800,000 Accounts Receivable P1: 430,000 P2: 1,000,000 Land P1: 1,250,000 Building P1: 2,000,000 Accounts payable P1: 330,000 P2: 400,000 Notes payable P2: 500,000 Capital P1: 3,600,000 P2: 1,900,000 Additional Information: The cash contribution of Partner 1 as listed above is the peso equivalent of 6,250 foreign currency units (FCU). The current exchange rate is P45: FCU1. Partner 2's account receivable should be written down by P200,OOO. The land has an appraised value of P1,500,000. The building has an appraised value of P1,400,000. Attached to the building is an unpaid mortgage of P800,000. Partner 1 agrees to settle this mortgage immediately using his/her