Computation of gain and loss on realization, Cash Distributions As of December 31, 2023, the books of TONI Partnership showed capital balances of: Tom, P80,000; Ohr, P50,000; and Nina, P10,000. The partner's profit and loss ratio was 3:2:1, respectively. The partners decided to liquidate and they sold all non-cash assets for P74,000. After settlement of all liabilities amounting to P24,000, they still have P56,000 left for distribution. Required: How much is the gain or loss realized in the sale of non-cash assets? Assuming that any capital debit balance is uncollectible, how much is the share of Tom in the distribution of the P56,000 cash? Assume that any resulting capital deficiency can be covered by virtue of additional cash contribution since all partners are personally solvent. How much would be the cash settlement to Ohr?