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Mallari and Chua are partners who share profits and losses in a ratio of 3:2, respectively. They have the following capital balances on Sept. 30,

Mallari and Chua are partners who share profits and losses in a ratio of 3:2, respectively. They have the following capital balances on Sept. 30, 2019: Mallari, Capital P250,000 Cr. Chua, Capital P500,000 Cr. These partners agreed to admit Palatino to the partnership. Required: Calculate the capital balances of each partners after the admission of Palatino, assuming that bonuses are recorded when appropriate for each of the following assumptions: 1. Palatino paid Mallari P250,000 for 50% of his interest. 2. Palatino invested P250,000 for a one-fourth interest in the partnership. 3. Palatino invested P250,000 for a 30% interest in the partnership. 4. Palatino invested P250,000 for a 20% interest in the partnership

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