What adjustments should be made between Guion and Kemal, how much Guion must pay Kemal? Guion and Kemal are partners sharing profits 60:40, A balance sheet prepared for the partnership on April 1, 2014 shows the following: Cash P48.000 Accounts payable P89,000 Accounts receivable 92,000 Guion, Capital 133,000 Inventory 165.000 Kemal, Capital 108,000 Equipment 70.000 Accumulated depreciation (45.000) Total P330,CO0 P330,000 On this date, the partners agree to admit Kim as partner. The term of the agreement is that assets and liabilities are to be restated as follows: a. An allowance for possible uncollectible of P4, 500 is to be established, b. Inventories are to restated at their present replacement values of P170, 000. c. Equipment is to be restated at a value of P35, 1000. d. Accrued expenses of P4, 000 are to be recognized. Guion, Kemal, and Kim will divide profits in the ratio of 5:3:2. Capital balances for the new partners are to be in this ratio with Guion and Kemal making settlements outside of the partnership for the required capital adjustment between themselves and Kim investing cash in the partnership for her interest