On January 1, 2023, Psalm and Trisha formed PS Partnership. The articles of co-partnership provides that profit or loss shall be distributed accordingly: - 15% interest on average capital balance. - P30,000 and P80,000 quarterly salary for Psalm and Trisha, respectively. - The remainder shall be distributed in the ratio of 4:6 for Psalm and Trisha, respectively. The following transactions regarding the capital balance of the partners for year 2023 are provided: The chief accountant of the partnership reported net income of P800,000 for year 2023. What is the capital balance of Psalm on December 31,2023