On December 31, 2019, Chico and Gino decided to pool their resources and put up a partnership. After the formation, the partners agreed to share in the profits and losses at the ratio of 75:25 for Chico and Gino, respectively. Their unadjusted trial balances on December 31 are as follows: Chico Gino Debit Credit Debit Credit Cash P125,000 P310,000 Accounts receivable 1,500,000 800,000 Allowance for doubtful accounts P200,000 P70,000 Notes receivables 750,000 - Inventories 1,800,000 1,750,000 Prepaid insurance - 45,000 Machineries 2,000,000 - Accumulated depreciation - machineries 500,000 - Furniture and fixtures - 700,000 Accumulated depreciation - furniture and fixtures - 200,000 Accounts payable 1,050,000 1,625,000 Notes payable - 450,000 Sales 3,200,000 1,200,000 Cost of sales 1,900,000 900,000 Operating expenses 750,000 350,000 Capital 3,875,000 1,310,000 Total P8,825,000 P8,825,000 P4,855,000 P4,855,000 The partnership is to take over business assets and assume business liabilities. Capitals are to be based on net assets transferred after the following adjustments: 10% of the accounts receivables of Chico and Gino are estimated to be doubtful of collections. A 60-day 12% notes was received by Chico last November 15, 2019. No interest is has been accrued yet. Interest is computed on a monthly basis. The inventory of Chico should be valued at P1,200,000 while 10% of Gino's inventory is to be considered worthless. Only 20% of the prepaid insurance is still unexpired. The machineries should be depreciated by P20,000 more. The furniture and fixtures should be 40% depreciated. Interest at 10% on notes payable dated September 30, 2019 should be accrued. Accrued rent expense of P25,000 is to be recognized in the books of Chico. After formation, the new capital of the partnership must be based on the adjusted capital balance of Chico, so that Gino may either withdraw or invest additional cash to make the partners' capital balance in proportionate to their profits and losses ratio.

How much is the additional cash to be invested/received by Gino to make his capital balance proportionate to their profit ad loss ratio? A. P332,667 B. P149,333 C. P2,893,500 D. P12,563