1. After a long dispute, A, B, and C decided to liquidate their partnership. Their total interests as of January 1, 2021 are: A (25%) 1,500,000 B (40%) 1,800,000 C (35%) 1,120,000 2. Partnership's total assets include cash of P500,000, receivable from A amounting to P100,000, and other non-cash asset. Total liabilities of P1,280,000 including a loan from C in the amount of P80,000. At the end of liquidation, B received P300,000. 1. What is the amount of the total book value of the noncash assets sold for? a. 1,542,500 b. 1,642,500 c. 2,530,000 d. 1,430,000