Arthur, Baker and Carter are partners in textile distribution business, sharing profits and losses equally. On December 31, 2015 the partnership capital and partners drawings were as follows: Capital Drawing a. b. Arthur P100,000 60,000 P78,000 84,000 Baker P80,000 40,000 The partnership was unable to collect on trade receivables and was forced to liquidate. Operating profit in 2015 amounted to P72,000 which was all exhausted, including the partnership assets. Unsettled creditors' claims at December 31, 2015 totalled P84,000. Baker and Carter have substantial private resources, but Arthur has no personal assets. The final cash distribution to Carter was: Carter P300,000 20,000 C. d. Total P480,000 120,000 P108,000 162,000