37 CJ decided to withdraw from his partnership with TF and LX. Before his withdrawal, CJ's capitalbalance was P406,000, while TF's was P448,000 and LX's was P539,000. Also, the partnership'stotal assets amounted to P3,150,000, but the partners agreed that a fixed asset wasunderdepreciated by P105,000. CJ, TF and LX share profits and losses in the ratio of 2:4:4,respectively. If CJ was paid P372,400 upon his retirement, how much is the remainingpartnership net assets after his withdrawal?O 1,384,600O 1,125,000O 1,279,600O 915,600

Partnership means the form of business where two or more person joins together to run the business…

CJ decided to withdraw from his partnership with TF and LX. Before balance was P406,000, while TF's was P448,000 and LX's was P539,00 total assets amounted to P3,150,000, but the partners agreed that a underdepreciated by P105,000. CJ, TF and LX share profits and losses respectively. If CJ was paid P372,400 upon his retirement, how much partnership net assets after his withdrawal?