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Naruto and Sakura are partners with profit and loss ratio of 75:25 and capital balances of P480,000 and P320,000 respectively. Sasuke is to be admitted

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Naruto and Sakura are partners with profit and loss ratio of 75:25 and capital balances of P480,000 and P320,000 respectively. Sasuke is to be admitted into the partnership for 20% interest in the capital, profits and losses by investing cash. Assuming that the equipment of the partnership is undervalued by P capital balance of Naruto after admission of Sasuke is

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