Bagets Partnership, which shares profit and losses in the ratio 5:3:2 shows the following balances before liquidation: Cash, P 150,000; Noncash assets, P743,750; Liabilities, P250,000; Jonathan capital, P 275,000; Jerwin capital, 193,750; Noel, capital P175,000. On the first month of liquidation 60% of noncash assets was sold at a loss of P46,250. Liquidation expenses of P12,500 were paid and additional expenses were anticipated. Liabilities amounting to P67,500 were paid. On the first cash distribution Jonathan received P78,125. The amount of cash withheld for future liquidation expenses amounted to: (2 Points) a. P. 12.500 b. P37.500 c. P22.500 d. P15,000