partnership? F. On October 1, 2013, Steve admits Martin for an interest in his business. On this date, Steve's capital account shows a balance of P180,000, subject to the following adjustments: Prepaid expenses of P21,000 and accrued expenses of P14,500 are to be recognized; 5% of the outstanding accounts receivable of Steve amounting to P90,000 is to be recognized as uncollectible; Martin is to be credited with a one-third interest in the partnership and is to invest cash in addition to the P36,000 worth of merchandise inventory. 9. How much cash should Martin invest? 10. What is the total capital of the partnership immediately after its formation? G. Polo and Loco entered into a partnership on August 1, 2013 by investing the following assets: Polo Loco Cash P400,000 Inventories P500,000 Land 1,150,000 Building 750,000 Equipment 650,000 The agreement between Polo and Loco provides that profits and losses are to be divided 30% to Polo and 70% to Loco, and that the partnership is to assume the P350,000 mortgage loan on the building