Cash received by individual partners 49. A balance sheet for the partnership of KK, LL and MM, who share profits 2:1:1 respecti shows the following balances just before liquidation: Cash Other Assets Liab. KK, Cap. LL. Cap. MM. P48.000 P238,000 P80.000 P88,000 P62,000 P56 In the first month of liquidation, P128,000 was received on the sale of certain assets. Liqu expenses of P4,000 were paid, and additional liquidation expenses of P3,200 are antic before liquidation is completed. Creditors were paid P22.400. The available cas distributed to the partners. The cash to be received by each partner based on the above Dayag KK LL MM KK LL MM a. 56,600 28,300 28,300 C. 29.400 32.700 26,700 b. 86,000 61,000 55,000 d. 88,000 62,000 56,000