EXCI.- 19-1 Dominador Dizon, John Mark Cadua and Rosanna Coloso who share profit and loss ratio of 2:1:2 decided to liquidate their partnership on December 31, 20B. Their Statement of Financial Position is shown below: Centerpoint Commercial Statement of Financial Position As of 31 December 20B Assets Liabilities and Partners' Equity Cash P 30,000 Liabilities 49,000 Non-cash 340,000 Dizon, Loan 20,000 Dizon, Capital 95,000 Cadua, Capital 100,000 Coloso, Capital 106,000 Total Liabilities & Total Assets P 370,000 Partners' Equity P 370,000 cs Scanned with CamScanner. Assume: Deficient partners are insolvent and absorbed by the solvent partner . Instruction: Prepare Statement of Partnership Liquidation in five (5) separate cases and corresponding journal entries in recording the liquidation process. a) . Non-cash assets were sold for P350,000 b) Non-cash assets were sold for P200,000. c) Non-cash assets were sold for P90,000 d) Non-cash assets were sold for P60,000. CS Sej Non-cash assets were sold for P40,000