Retirement with the computation of capital balance after the retirement of one partner. The balance sheet as of September 30, 2023, for the partnership of EEE, FFF and GGG shows the following information: Assets, P360,000; EEE, loan, P20,000; EEE, Capital, P83,000; FFF, Capital, P77,000; GGG, Capital, P 180,000. It was agreed among the partners that EEE retires from the partnership, and it was also further agreed that the assets should be adjusted to their fair value of P345,000 as of September 30, 2023. The partnership is to pay EEE P90,000 cash for his partnership interest, which would include the payment of loan. EEE, FFF and GGG share profit 40%, 15% and 45% respectively. After EEE's retirement, how much is GGG's capital balance? 1