Cris and Grace formed a partnership on March 1 of the current year by contributing some certain assets to the common fund. Chris contributed an equipment to have 100,000 with a market value of 75,000 and enough cash to have 60% interest on the partnership. Grace contributed a van with an original cost of 250,000 and have a second hand value of 150,000, the van was subject to a chattel mortgage of 25,000 that was assumed by the partnership.

How much additional cash investment should Cris contribute to the partnership fund?

How much is total partnership asset immediately after its formation?