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What amount must be invested by Green? Red, White and Blue are partners in a business, and in its profits at the respective ratio of

What amount must be invested by Green?

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Red, White and Blue are partners in a business, and in its profits at the respective ratio of 5:3:2. On January 3. 2020. they admit Green, who is to invest in the firm sufficient cash to have a one-third interest in the partnership capital and profits. The following trial balance is taken from the original partnership's records: Red. White and Blue Trial Balance Debit Credit Cash P 100,000 Marketable securities 75,000 Accounts receivable 225,000 Accounts payable P 80.000 Red, Capital 175,000 White. Capital 100,000 Blue, Capital 45,000 Total P 400,000 P 400.000 The securities have a market value of P50,000, and an allowance of P25,000 was expected to cover collection losses on the receivables. No other adjustments of the net assets are considered necessary; however, the three partners among themselves must bring the balance in their capital accounts into agreement with their interest in profits. What amount must be invested by Green

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