Problem 1-On January 1, 2019. Ms. Ann and Mr. Buy agreed to form a partnership The partners' contributions are listed below: Ann 50,000 360,000 216,000 1,080,000 Bury 120,000 1,080,000 360,000 Cash Accounts receivable Inventories Land Building Equipment Accounts payable Capital 90,000 336,000 1,460,000 900,000 90,000 450,000 2,100,000 The partners agreed to the following: a. The recoverable amounts of the partners' respective accounts receivable are P300,000 and P760,000 for Ann and Bury, respectively. b. The inventory contributed by Bury includes obsolete items with recorded cost of P20,000 c. The land contributed by Ann has an attached mortgage of P180,000. The partnership shall assume the mortgage. d. The equipment contributed by Bury has a fair value of P130,000 e. Ann has an unrecorded accounts payable of P100,000. The partnership assumes the obligation of settling that account. Requirements: a. Compute for the adjusted capital balances of the partners, show your computation in good form. b. Provide the entry in the partnership's books