2. The BRM Partnership is being liquidated. All liabilities have been paid and the remaining assets are being realized gradually. The equity of the partners is as follows: B - Capital, P24,000, Loan Payable, P6,000, P&L ratio 3; R - Capital, P36,000, Loan, PO, P& L ratio 3; M - Capital, P60,000, Loan Receivable, P10,000, P&L ratio 4. The second cash payment to any partner/s under program of priorities shall be made thus: * To M-P8,000 To M-P2,000 To R-P6,000 and M - $8,000 To R-6,000 3. On October 17, 2020, LILAC Corporation exchanged 20,000 shares of its P200 par value share for land. Last year, the land was appraised by an independent appraiser at P5,000,000. The land had an initial cost of P3,000,000. Lilac is currently trading at the stock exchange at P300. How much should be debited to the "land" account? * O P3,000,000 $6,000,000 04,000,000 $5,000,000