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Esguerra, Esteban, Estrada and Eugenio are partners with capitals of P11,000, P10,300, P13,700, and P9,000, respectively. Esguerra has a loan balance of P2,000. Profits are
Esguerra, Esteban, Estrada and Eugenio are partners with capitals of P11,000, P10,300, P13,700, and P9,000, respectively. Esguerra has a loan balance of P2,000. Profits are shared in the ratio of 4:3:2:1 by Esguerra, Esteban, Estrada and Eugenio, respectively. Assets are sold, liabilities are paid and cash of P12,000 remains. Any deficient partner is insolvent. In the distribution of P12,000, how much was given to ESTRADA?
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