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Sasha and Elliot, having capital balances of P980,000 and P525,000 respectively, decided to admit carl into their partnership. Carl is to invest sufficient amount in

Sasha and Elliot, having capital balances of P980,000 and P525,000 respectively, decided to admit carl into their partnership. Carl is to invest sufficient amount in order to have a 25% interest in the partnership. If Sasha and elliot share profit in a proportion of 3:1, respectively, and Elliots capital balance after Carls investment is P589,750, Group of answer choices 1,174,250 588,000 847,000 848,750

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