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15. CC, DD and BE are partners sharing profits and losses in the ratio of 5:3:2. During the year their investments and withdrawals are as

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15. CC, DD and BE are partners sharing profits and losses in the ratio of 5:3:2. During the year their investments and withdrawals are as follows: Investment Withdrawals CC. P 40.000 P 25,000 DD 35,000 12,500 EE 75.000 12,500 On December 31, 2020, the partners decided to liquidate the business. After exhausting partnership assets, liabilities of P 25,000 remain unpaid. CC is personally insolvent. The gain (loss) on realization and the amount of cash EE will received upon liquidation are: P25,000 , and P 37,500, respectively c) P 125.000 and P 37,500, respectively b) (P25.000) , and P 37,500, respectively d) (P125,000)and P 18,500, respectively

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