Please provide solutions and explanations on the questions below.

9. E and M are partners with capital balances of P30,000 and \"0,000, respectively. E has a 30% interest in prots and losses. At this timer the partnership has decided to admit R and L as new partners. R contributes cash of P55.000 for a 20% interest in capital and a 30% Interest in prots and losses. L contributes cash of P10,000 and an equipment for a 25% interest In capital and 35% interest in prots and losses. If bonus amounting to P18,250 is given to the old partners, what is the value of the equipment contributed by L? A. P31,750 B. M3350 C. P50,000 D. P50,138 Use the following Inl'ormetlon for the next four (4) questions: Juliet and Kilo have capital balances of P200.000 and P220,000 respectively before admission of Lima. Their profit and loss agreement was 35:65. Lima was to be admitted for 40% interest in the partnership and 20% in the prots and losses by contributing a used machine which had a cost of P205.000 and an appraised value of $080,000. Alter admission of Lima. Juliet and Kilo agreed to share profits and losses equally. At the end of the year the new partnership generated net income of P130,000. 10. How much is the capital balance of Kilo after admission of Lima? A. \"74,500 B. P259,000 C. P181000 0. P240,000 11. How much is the capital balance of Juliet at the end of the year? A. P231.000 B. P221.000 C. P224500 D. P247.000 12. Assuming there is an implied undervaluation or overvaluation of an asset. how much is the undervaluation or (overvaluation) of the asset? A. P300,000 B. (P150,000) C. (P300,000] D. P150030 13. Assuming there is an Implied undervaluation or overvaluation of an asset, how much is the capital balance of Kilo at the end of the year? A. P467,000 B. P77.000 C. P369500 0. P1?4, 500