Jennifer and Robert are partners who are changing their profit and loss ratios from 60/40 to

45/55.
At the date of the change, the partner chooses to revalue the assets with market value different
from book value. One asset revalued is land with a book value of P50,000 and a market value of
P120,000. Two years later after the profit and loss ratio is changed, the land is sold for P200,000.
What is the amount of change to Robert’s capital account at the date the land is sold?