The statement of financial position of ABC Co. as of December 31, 20x1 shows the following information.

Cash112,000

Receivable from A8,000

Equipment390,000

Totals510,000

Payable to C10,000

A Capital (20%)150,000

B Capital (30%)250,000

C Capital (50%)100,000

Totals510,000

On December 31, 20x1, C decided to retire from the partnership. The partnership net assets approximate their fair values except for the equipment which has a fair value of P450,000.

It was agreed that thepartnership would pay C P140,000 cash for his partnership interest,includingC's loan which is to be repaid in full.

1. The adjusted capital balance of A before recording the retirement of C is?
2. The debit to C, capital upon retirement is?
3. The new total capital balance after C's retirement is?