ACCOUNTING FOR SPECIAL TRANSACTIONS 6.

On December 31, 2018, A, B, and C decided to liquidate their partnership. The statement of financial position accounts consisted of the following prior to liquidation: Cash - P100,000 Loan to B - P25,000 Other assets - P1,075,000 Liabilities to outsiders - P603,000 Due to C-P32,000 A, Capital - P216,000 B. Capital - P187,000 C, Capital - P162,000 A, B. and C share profits and losses in the ratio of 4:4:2, respectively. CASE 1: The partnership was able to sell all the other assets for P1,120,000 and paid liquidation expenses of P10,000. How much cash should A receive