50) The partnership of C, A, and G decided to liquidate their partnership on May 31, 2013. Before liquidating and sharing of net income, their capital balances are as follows: C (30%) P1, 250, 000, A (30%) P900,000 and G (40%) P1, 100, 000. Net income from January 1 to May 31 is P600,000, Liabilities of the partnership amounted to P1, 050, 000 and its total assets include cash amounting to P350, 000. 51) Unsettled liabilities are P550, 000. C invested additional cash enough to settle their partnership's indebtedness. A is personally solvent, G is personally insolvent, and C becomes insolvent, after investing the cash needed by the partnership. 17. How much were the partnership's non-cash sold for? a. P150, 000 c. P4, 400, 000 b. P225, 000 d. P750, 000 52) 18. How much cash will A invest in the partnership? a. P450, 000 C. P420, 000 b. P240, 000 d. P100, 000 53) 19. How much will C receive as a result of their liquidation? a. P550, 000 c. P450, 000 b. 0 d. P660, 000