How much is the capital balance of B after the admission of C?

a. 94,800

b. 128,400

c. 148,400

d. 194,800

3. C was admitted to the partnership when he invested P60,000 cash for a 20% interest in the partnership. Immediately prior to C's admission, the carrying amounts and fair values of the assets and liabilities of the partnership are as follows: Carrying amount Fair value Cash 20,000 20,000 Equipment 340,000 320,000 Accounts payable 10,000 10,000 Provision for warranty obligation 5,000 A, Capital (40%) 130,000 N/A B, Capital (60%) 220,000 N/A