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The partnership of perez and reyes was formed on march 31, 2020. at that date, perez invested p50,000 cash and office equipment valued at p30,000. reyes invested p70,000 cash, merchandise valued at p110,000 and furnitures valued at p100,000, subject to a note payable of p50,000 which the partnership assumes. the partnership provides that perez and reyes share profits and losses 25:75 respectively. the agreement further provides that the partners should initially have, an equal interest in the partnership capital. under the goodwill and bonus method, what is the total capital of the partners after the formation
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