Lucio, Henry and John are partners sharing profits and losses of $40\%,40\%$ and $20\%,$ respectively.

The December $31,2017$ balance sheet of the partnership before any profit allocation was

summarized as follows:

ASSETS

Cash $90,000$

Inventories $60,000$

Equipment $75,000$

Trademark $22,500$

Liabilities and Capital

Accounts Payable $7,500$

John, Loan $5,000$

Lucio, Capital $100,000$

Henry, Capital $90,000$

John, Capital $45,000$

The income summary account has a credit balance of P$25,000$ for the year $2017.$ On January $1,$

$2018,$ a partner has decided to retire from the partnership and by mutual agreement among

partners; the following have been arrived at:

$>$ Inventories amounting to P$10,000$ is considered obsolete and must be written off.

$>$ Equipment should be adjusted to their current value of P$50,000$

$>$ Trademarks are written$-$off immediately before the retirement.

It was agreed that the partnership will pay the retiring partner for his interest in the partnership

inclusive of loan balance.

$1.$ If John retired and received P $38500$ as a retirement price, how much will be the bonus to or $($from$)$ Henry $?$

$2.$ If John retired and received P$43,500$ as a retirement price, how much will be the adjusted capital of Lucio under revaluation of the full asset method traceable to the entire entity $($full revaluation$)3.$ If John retired and received P $41,000$ as a retirement price, how much will be the adjusted capital of Henry be higher or lower than Lucio under specific revaluation of asset method $($specific revaluation$)$