6. Blacky and Whitey decided to liquidate their partnership business on June 1, 2012, under lump-sum liquidation.The partners had been sharing profits and losses on a 60:40 ratios.The statement of financial position prepared on the day of liquidation began was as follows:

Assets Liabilities and Capital

Cash P18,000 Accounts Payable P42,000

Receivables 75,000 Blacky, Loan 24,000

Inventory 90,000 Blacky, Capital 102,000

Other Assets 84,000 Whitey, Loan 90,000

Whitey, Capital 9,000

Total P 267,000 Total P 267,000

During June, one-third of the receivables was collected; P45,000 of inventory was sold at an average of 70% of book value; other assets were sold for P36,000.How much should Whitey receive upon liquidation?