5. The partnership of Rivera, Colorado and Reyes share profits and losses in the ratio of 5:3:2, respectively. The partners voted to dissolve the partnership when its assets, liabilities and capital were as follows: Assets Liabilities and Capital Cash P 40,000 Liabilities P 60,000 Other assets 210,000 Rivera, Capital 48,000 Colorado, Capital 72,000 Reyes, Capital 70,000 Total P250,000 Total P250,000 The partnership will be liquidated over a prolonged period of time. As cash is available it will be distributed to the partners. The first sale of non-cash assets having a book value of P120,000 realized P90,000. How much cash should be distributed to each partner after this sale? a. Rivera, P-0- Colorado, P28,800; Reyes, P41,200 b. Rivera, P-0- Colorado, P30,000; Reyes, P40,000 C. Rivera, P35,000; Colorado, P21,000; Reyes, P14,000 d. Rivera, P45,000; Colorado, P27,000; Reyes, P18,000