juan,marcus,angelo and nich are partners, sharing earnings in the ratio of 3:4:6:8. The balance of their capital accounts on December 21, 2020 are as follows: juan P 25,000; marcus- P625,000; angelo P625,000 and nich P225,000. The partners decided to liquidate, and they accordingly convert the non-cash assets into P580,000 of cash. After paying the liabilities amounting to P75,000, they have P555,000 cash available for payment to partners. Assume that a debit balance in any of partners capital account is uncollectible. The book value of non-cash assets amounted to: