6On December 31, 2020, Kid's Partnership's Statement of Financial Positions shows that Jeremiah, Calix and Felise have capital balances of P500,000, P300,000 and P200,000 with profit or loss ratio of 1:3:6. On January 1, 2019, Felise retired from the partnership and received P350,000. At the time of Felise's retirement, an asset of the partnership is undervalued. What is the capital balance of Jeremiah after the retirement of Felise? Question 29Answer 537,500 525,000 562,500 462,500