The net assets of ABC Co. as of July 1, 20x1 consists of the 95kx20/*17,000 following A (20%), P300.000; B (30%), P500,000; and C (50%), P200,000. Profit of P1,800,000 for the six months ended June...

The net assets of ABC Co. as of July 1, 20x1 consists of the 95kx20/*17,000 following A (20%), P300.000; B (30%), P500,000; and C (50%), P200,000. Profit of P1,800,000 for the six months ended June 30, 20x1 is not yet closed to partners' respective capital accounts. C withdraws on July 1, 20x1 and the partnership pays him P1,000,000 cash and gives him fully depreciated equipment with fair value of P600,000. What is the capital balance of R right after C's withdrawal?