ecvecios-yco 2. On August 1, 2021, One and Two pooled their assets to form a partnership, with the firm to take over their business assets and assume the liabilities. Partners capitals are to be based on net assets transferred after the following adjustments (Profit and loss are allocated equally). Two's inventory is to be increased by P4,000; an allowance for doubtful accounts of P1,500 and P1,000 are to be set up in the books of One and Two, respectively; and accounts. payable of P4,000 is to be recognized in One's books. The individual trial balances on August 1, before adjustments, follow: Assets Liabilities One P74,000 5,000 Two P114,000 34,500 What is the capital of One and Two after the above adjustment