Partners Chito and Ditas share profits in the ratio of 6:4, respectively. On December 31, 2012, their capital balances were: Chito, P120,000 and Ditas, P100,000. On that date, Meng was admitted as partner with one-third interest in capital and profits for an investment of P80,000. The new partnership began in 2012 with total capital of P300,000. Immediately after Meng’s admission, Chito’s capital should be?