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Show the solution in good accounting form. How much is the capital of Adee upon partnership formation? Adee admitted Das as a partner in a business. The balance sheet of Adee on July 30, 2019 before the admission of Das shows: Cash 31,200 Receivables 144,000 Inventory 216,000 Accounts Payable 74,400 Adee, Capital 316,800 In order to establish Das Interest, the partners agreed on the following - An allowance of doubtful accounts of 2% is to be established Merchandise Inventory is to be valued at P242,400 Prepaid Expenses of P4,200 and accrued expenses of P4,800 are to be recognized