How much did A and B receive in the first cash distribution?

a. A:7,000 B:8,000

b. A:2,000 B:13,000

c. A:5,000 B:10,000

d. A:0 B:0

1. A and B decided to liquidate their partnership. The partnership's records show the following information: Cash Non-cash assets 80,000 Total assets 80,000 Liabilities 15,000 Loan payable to Partner A 10,000 Loan payable to Partner B 17,000 A, capital (80%) 20,000 B, capital (20%) 18,000 Total liabilities and equity 80,000 The non-cash assets are to be sold in installments and the partners' claims are to be settled as cash becomes available. In the first sale, half of the non-cash assets were sold for P15,000. How much did A and B receive in the first cash distribution