Please answer and show the solution. Thank you! 23. The capital account balances for April & May LLP on January 1, 2020, were as follows:April, capitalP200.000May, capitalP100,000April and May shared net income and losses in the ratio of 3:2, respectively. The partners agreed toadmit July to the portnership with a 35% interest in partnership capital and net income. July investedP100,000 cash and no goodwill was recognized. What is the balance of Apri's capital account afterthe new partnership is created? 24. The partnership of Kris, Erich and Eunice reflected beginning capital balances of P75.000; P25,000 andP100.000 and profit and loss ratios of 5:4:1 to Kris, Erich and Eunice, respectively. The partners plan todissolve their business and admit Kelly into the new partnership. Kelly is to invest P25,000 for a 10%interest in the new partnership and is to be credited the same amount of capital in the newpartnership. Determine the capital balance of Kris after Kelly's admission into the partnership.

23. The capital account balances for April & May LLP on January 1, 2020, were as follows: April, capital P200.000 May, capital PI00,000 April and May shared net income and losses in the ratio of 3:2, respectively. The partners agreed to admit July to the partnership with a 35% interest in partnership capital and net income. July invested P100,000 cash and no goodwill was recognized. What is the balance of April's capital account after the new partnership is created?