Assume A, B, C and D are partners sharing profits 40%, 20%, 20%, 20%, respectively. On January 1, 2019, they agree to liquidate. A balance sheet prepared on this date is shown as follows: Assets Liabilities and Capital Non-Cash assets P 181,800 Liabilities A, Loan D, Loan A, Capital B, Capital C, Capital D, Capital P 84,000 6,000 3,000 26,400 25,800 20,400 16,200 P 181,800 Total P 181,800 Results of liquidation are summarized below: Month Proceeds Book Value Liquidation exp. Cash withheld January February March April May P72,000 21,600 19,200 6,000 2,400 P90,000 30,000 24,000 19,800 18,000 P1,200 1,320 1,440 4,800 960 P4,800 1,800 1,200 600 Required: Prepare the statement of liquidation and related schedule of safe payment for the month of January to May 2019