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MAX & EMPRESS. Partner s Max and Empress have capital balances of P 3 5 8 , 5 0 0 and P 3 0 0

MAX & EMPRESS. Partners Max and Empress have capital balances of P358,500 and P300,000 respectively before the admission of Princess. Max and Empress share profits and losses in the ratio 6:4. Princess paid P225,000 in exchange for 30% capital interest as well as share in the profits and losses of the partnership.
How much is the capital of partner Max after admission of Princess?
How much is debited to Empresss capital upon Princesss admission?

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