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Mags and Tory, partners with profit and loss ratio of 60:40 and capital balances of P300,000 and P200,000 respectively. Matt, is to be admitted into

Mags and Tory, partners with profit and loss ratio of 60:40 and capital balances of P300,000 and P200,000 respectively. Matt, is to be admitted into the partnership for 25% interest in the capital, profits and losses by investing cash? Assuming that the inventories are overvalued by P20,000, the cash to be invested by Tory is?

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