1.

A balance sheet for the partnership of A, B , and C, who share profits 2:1:1, shows the following balances just before liquidation:

Cash-P48,000 Other assets-238,000 Liabilities-80,000 A, Capital-88,000 B, Capital-62,000 C, Capital-56,000

On the first month of liquidation, P128,000 was received on the sale of certain assets. Liquidation expenses of P4,000 were paid, and additional liquidation expenses of P3,200 are withheld to anticipate payment before liquidation is completed. Creditors were paid and the available cash was distributed to the partners.

The cash to be received by each partner based on the above data:

2.

A, B and C were partners with capital balances on January 1, 2020 of 100,000, 150,000, and 200,000 respectively. Their profit and loss ratio is 50%, 30% and 20%, respectively. On July 1, 2020, A retires from the partnership. On the date of retirement the partnership net income is 140,000 and the partners agreed that inventories are to be revalued at 70,000 from its original cost of 50,000. The partnership agreed further to pay A, 195,000 in settlement of his interest. What are the capital balances of the remaining partners after the retirement of A using bonus method?