Erik, John and Nate were partners with capital balances on January 2, 2020 of P70,000, P84,000 and P56,000, respectively. Their profit and loss sharing ratio is 3:5:2. On July 1, 2020, Erik retires from the 21 partnership. On the date of retirement the partnership net profit from operations is P48,000. The partners agreed further to pay Erik P76,560 in settlement of his interest. How much will be the capital of John after the retirement of Erik?

A. 113,600

B. 108,000

C. 94,933

D. 84,000