PROBLEM 2 On December 31, 2018, the Statement of Financial Position of ABC Partnership provided the following data with profit or loss ratio of 5:1:4: Current Assets 1,500,000 Total Liabilities 500,000 Noncurrent Assets 2,000,000 A, Capital 1, 100,000 B, Capital 1,200,000 C, Capital 700,000 On January 1, 2019, D is admitted to the partnership by investing P500,000 to the partnership for 10% capital interest. The total agreed capitalization of the new partnership is P3,000,000. 2. What is the capital balance of D after his admission to the partnership? A. 500,000 B. 300,000 C. 350,000 D. 400,000