Lala and Lila are partners sharing profits and losses in the ratio of 6:4 respectively. On January 2, the partners decided to admit Lulu as a new partner upon her investment of P16,000. On this date, the interest in the partnership of Lala and Lila are as follows: Lala, P23,000 and Lila, Pl8,600. Assuming the new partner is given a one-third interest in the firm and the assets are revalued. What is the capital balances of the partners after the admission of Lulu

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