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A,B,andCarepartnersinABCPartnershipandshareprofitsandlosses,5:3:2,respectively. Thepartnershaveagreedtoliquidatethepartnership.Priortoliquidation,thepartnership balance sheet shows the following bookvalues. Cash P25,200 Non-cash 297,600 Notes, payable to C 38,400 Other liabilities 184,800 A, capital 72,000 B, capital

A,B,andCarepartnersinABCPartnershipandshareprofitsandlosses,5:3:2,respectively. Thepartnershaveagreedtoliquidatethepartnership.Priortoliquidation,thepartnership balance sheet shows the following bookvalues.

Cash P25,200

Non-cash 297,600

Notes, payable to C 38,400

Other liabilities

184,800

A, capital

72,000

B, capital

(12,000)

C, capital

39,600

Liquidation expenses of P16,800 are paid. Non-cash assets with a book value of P240,000 are sold for P216,000. How much cash should C receive?

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