16. Farewell Partnership is undergoing liquidation Information on Farewell follows: Cash 40,000 Accounts receivable 180,000 Receivable from B 10,000 Inventory 160,000 Equipment 310,000 Total 700,000 Accrued liabilities Payable to A A Capital (60%) B. Capital 40% Total 250,000 20,000 240,000 190.000 700,000 Information on the conversion of non-cash assets is as follows: Only 60% of the accounts receivable was collected the balance is uncollectible. P50,000 was recelved for the entire inventory The equipment was sold at its carrying amount P10,000 Liquidation expenses were paid. How much was the loss allocated to B in the determination of cash distributions to the partners? a. 76,800 b. 87,600 c. 115,200 d. 192,000