After incurring losses resulting from very unprofitable operation, the Alphabets Partnership

decided to liquidate when the partners' capital balances were:

A, capital (40%) P 80,000

B, capital (40%) 130,000

C, capital (20%) 96,000

The non-cash assets were sold in installment. Available cash were distributed to partners

in every sale of non-cash assets. After the second sale of non-cash assets, the partners

received the same amount of cash in the distribution. And from the third sale of non-cash

assets, cash available for distribution amounts to P28,000, and non-cash assets has a book

value of P12,500. Using cash priority program, what amount did C receive in the third

installment of cash?