Partners A, B and C had the following balances prior to admission of D: 

A, Loan (debit): P 20, 000;

B, Loan (credit): P 60, 000; 

A, Capital (debit): P 30, 000; 

B, Capital (credit): P 120, 000; 

C, Capital (credit): P 70, 000. 

Partners A, B and C share profits and losses in the ratio 5:2:3 respectively. 

D is admitted in the partnership for a 20% interest in the partnership in exchange for an investment of P 40, 000 cash. Prior to admission of D, the partners agreed to increase the carrying value of inventories by P 60, 000 in order to bring it to its fair value. Immediately after the admission, the capital credit of D would be