Julian, Kiamco, and Lapid are partners sharing profits in the ratio of 5:3:2, respectively. As of December 31, 2021, the

[answerhappygod]

Julian, Kiamco, and Lapid are partners sharing profits in the
ratio of 5:3:2, respectively. As of December 31, 2021, their
capital balances were P95,000 for Julian, P80,000 for
Kiamco,P60,000 for Lapid. On January 1, 2012, the partners admitted
Manalo as a new partner and according to their agreement, Manalo
will contribute P80,000 in cash to the partnership and also pay
P10,000 for 15% of Kiamco's share. Manalo will be given a 20% share
in profits, while the original partners' share will be
proportionately the same as before. After the admission of Manalo,
the total capital will be P330,000 and Manalo's capital will be
P70,000. The amount of asset revaluation
P7,000
P15,000
P22,000
P37,000