Silverio Manico and Marichu Sangutan are partners of Sindangan Enterprises. After a year of successful business operations, the partners' equity has reached to a total amount of P480,000 which is 50% higher than last year when they have just started it. The percentage of outside creditors' claim in the total partnership assets is 40%. Considering that both are non-general partners, answer the following questions: Q-1 How much is the total assets of the partnership? Q-2 How much is total claims from outside creditors? Charles Edulan, Corazon Tabarranza and Florita Acero are planning to form a partnership with Tabarranza contributing cash of P75,000 for a 1/5 interest in the partnership. Edulan and Acero will share equally in the remaining required capitalization. Q-3 How much are the shares of Edulan and Acero on the remaining capitalization of the partnership? Q-4 How much is the total assets of the partnership upon formation?