70 100 0 al Format as Cell Insert Formatting Table y Styles ~ board Font Alignment Number Styles X fx B C D E F G H N Page 2 4. Sharon, Manilyn, and Maricel, partners who share profits equally are to incorporate their business. The capital accounts show Sharon, P200,000; Manilyn, P300,000, and Maricel, P500,000. Net assets of P1 million are to be revalued based on current market value of P1.3 million. The capital stock of the company is to have a par value of P1. Upon incorporation, partners are to receive shares of stock as follows: a. Sharon, 260,000; Manilyn, 390,000; and Maricel, 650,000. b. Sharon, 200,000; Manilyn, 300,000; and Maricel, 500,000. C. Sharon, 300,000; Manilyn, 400,000; and Maricel, 600,000. d. Sharon, 433,333; Manilyn, 433,333; and Maricel, 433,334 5. Kris, Cristy and Dina are partners with capital balances on December 31, 2014 of P300,000, P300,000, and P200,000, respectively. Profits are shared equally. Dina wishes to withdraw and it is agreed that she is to take certain furniture and fixtures at their second-hand value of P12,000 and note for the balance of her interest. The furniture and fixtures are carried on the books as fully depreciated. Brand new, fumiture and fixtures may cost P20,000. Dina's acquisition of the second-hand furniture will result to: A. Increase in the capital of P4,000 each for Kris, Cristy and Dina. B. Increase in the capital of P6,000 each for Kris and Cristy. C. Increase in the capital of P10,000 each for Kris and Cristy. D. Increase in the capital of P8,000 for Dina. Sheet1 +