4.Partners DD, EE, FF, and GG share profits 50%, 30%, 10% and 10%, respectively. Accounts maintained with partners just prior to liquidation were as follows:

Advances

(Dr. Balances)

Loans

(Cr. Balances)

Capitals

(Cr. Balances)

DD

P 5,000

P 40,000

EE

10,000

30,000

FF

P 4,500

15,000

GG

2,500

25,000

At this point, cash of P18,000 is available for distribution to the partners. How much of the P18,000 cash should be distributed to each partner?

A.

DD, P9,000; EE, P 5,400; FF, P1,800; GG, P1,800

B.

DD, P -0- ; EE, P18,000; FF,-0- ; GG, P-0-

C.

DD, P -0- ; EE,-0-; FF,-0- ; GG, P 18,000

D.

DD, P -0- ; EE, P 6,625; FF,-0-; GG, P 11,375