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On January 1, 2022, A, B and C formed ABC Partnership with total agreed capitalization of P1,215,000. They agreed to have equal initial capital balance

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On January 1, 2022, A, B and C formed ABC Partnership with total agreed capitalization of P1,215,000. They agreed to have equal initial capital balance while the profit or loss ratio is 6:2:2, respectively for A,B and C. - During 2022, A and B made additional investments of P200,000 and P500,000, respectively. - At the end of 2022, A and C made drawings of P300,000 and P100,000, respectively. . - Profit for the year is 550,000 . Compute the total capital of the partnership

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