Rainier admits Diona as a partner in business. Just before the partnership's formation, Rainier's books showed the following:

$\backslash$table$[[$Cash$,2,600],[$Accounts receivable,$12,000],[$Merchandise inventory,$18,000],[$Accounts payable,$6,200],[$Rainier$,$ capital,$26,400]]$

It was agreed that, for purposes of establishing Rainier's investment firm, the folliowing acjustments shall be reflected.

Alowance for bad debts of $2\%$ should be set up

Merchandise inventory siould be valued at P$20,200$

How much cash sh $1$ and accued expenses of $P400$ stould be recognized third interest in the par Diona invest to secure a one$-$

Question $20$Select one:

$28,410$

$28,310$

$[$

$14,155$

$26,400$