How much should Mr. Brown receive from Mr. Blue upon the former leaving the business?

Yellow Retailing Enterprise is a small business serving as a middleman for large manufacturers and sari-sari stores in the municipality. It has the following assets on its balance sheet. CURRENT ASSETS P 400,000 NONCURRENT ASSETS Land P 500,000 Equipment 1,000,000 Building 1,300,000 2,800,000 TOTAL ASSETS P 3,200,000 CURRENT LIABILITIES P 480,000 NONCURRENT LIABILITIES 960,000 TOTAL LIABILITIES P 1,440,000 Mr. Brown is a partner who currently owns 40% of the business. He is planning to retire and leave the business to his sole partner Mr. Blue. Due to his plan, they will need to revalue their business. They agreed for cash settlement based on current values. Current assets are fairly valued. Land price has increased by 5% per year over the 10 years of holding the asset. The equipment has a current market value of P1,100,000. The building is a warehouse that has 40% of its useful life remaining. Additional data for the building are as follows: Component Square Foot Cost to Replace Floor 1,000 1,400 Walls 300 1,500 Roofing 500 1,800 How much should Mr. Brown receive from Mr. Blue upon the former leaving the business