PROBLEM 1 On December 31, 2018, the Statement of Financial Position of ABC Partnership provided the following data with profit or loss ratio of 1:6:3: Current Assets 1,300,000 Total Liabilities 300,000 Noncurrent Assets 2,000,000 A, Capital 1,400,000 B, Capital 700,000 C, Capital 900,000 On January 1, 2019, D is admitted to the partnership by investing P1,000,000 to the partnership for 20% capital interest. 1 . If the all the assets of the existing partnership are properly valued, what is the capital balance of C after the admission of D? A. 960,000 B. 900,000 C. 840,000 D. 1,200,000