Nadia and Oscar are partners with capital balances of P250,000 and P100,000, respectively. The profits and losses are shared by Nadia and Oscar in the ratio of 60:40, respectively. The partners agreed to admit Patricia as a partner in exchange for her contribution of cash, equipment and land with fair values of P20,000, P30,000 and P100,000 respectively. In exchange for her investment, Patricia will receive a 30% share in profits and losses. Nadia and Oscar agreed to revalue partnership assets before the admission of Patricia. An analysis of existing assets held by the original partnership indicates the following carrying and fair values: The liabilities of the firm before Patricia's admission amount to P100,000. Required : Compute for the following: 1. Adjusted capital of Nadia and Oscar. 2. Amount invested and capital credit of Patricia. 3. Amount of Bonus. To whom is the bonus given? 4. Final capital balances of partners after Patricia's admission. 5. New profit and loss ratio