Partnership formation

Problem 15 Reuben admits Judah for a partnership interest in his business. The balance sheet accounts of Reuben of June 21, 2018 prior to the admission of Judah are as follows: Cash Php ? Accounts payable Php496,000 Accounts receivable 960,000 Reuben, capital ? Merchandise inventory 1,440,000 It is agreed that for purposes of establishing Reuben's interest, the following adjustments should be made: (1) an allowance for bad debts of 2% of accounts receivable is to be established; (2) the merchandise inventory is to be valued at Php1,600,000; and (3) prepaid expenses of Php52,000 and accrued expenses of Php 32,000 are to be recognized. Judah invested cash of Php1,136,400 to give him a 1/3 interest in the total capital of the firm. What is the capital balance of Reuben and after the admission of Judah