Lena is a sole proprietor who invested in his grocery when he formed a partnership with Nanny. The following are the assets and liabilities of the grocery:

Cash 50,000

Merchandise 30,000 (book value); 20,000 (Market value)

Fixed Assets (100,000 less Accumulated depreciation P10,000) 90,000 (book Value)

50% of the cost (market value)

Accounts Payable 20,000

Accrued expenses 7,000

Nanny invested cash of P60,000; Land of 200,000 with an appraised value of P500,000; store furniture costing 40,000 less accumulated depreciation of P10,000; mortgage note has a balance of P15,000 plus accrued interest for 6 months at 18%.

1. Compute for the capital contribution of Lena.