On January 31, 2022, A admits B for an interest in his business.

.On this date, A's capital account

The following were agreed upon before the formation of the partnership:

shows a balance of P785.600.

Prepaid insurance of P10,500 and accrued interest expense of P4,200 are to be recognized.

5%6 of the outstanding accounts receivable amounting to P95,000 is to be established a allowance for doubtful accounts in the books of partner A.

B is to be credited with 20% interest in the partnership and is to invest cash aside from

Merchandise Inventory he originally purchased for P40,000 but has a market value of P35,000

How much is the amount of cash to be invested by B in the business?