A, B, C partnership began the process of liquidation with the following balance sheet:

Assets Liabilities and Capital Cash P 16,000 Liabilities P 150,000 Non-cash assets 434,000 A, Capital (30%) 80,000 B, Capital (20%) 90,000 C, Capital (50%) 130,000 Total P 450,000 P 450,000

Liquidation expenses are expected to be P12,000. After the liquidation expenses of P12,000 had been paid and the non-cash assets are sold, C had a deficit of P8,000. For what amount were the non-cash assets sold?