R, S, and T are partners sharing profit and losses equally. Their capital balances on March 31, 2017 are P 60,000, P60,000, and P40,000, respectively. T decided to withdraw from the partnership to stay permanently abroad. The partners agreed that T will take a fully depreciated equipment with a second hand value of P2,400 and will be paid cash for the remaining interest.How much cash will be paid to T?