INSTALLMENT LIQUIDATION: SCHEDULE OF SAFE PAYMENTS (Partnership)

The statement of financial position for A and Z Partnership on June 1, 2016 before liquidation is as follows:

Assets	Liabilities & Capital
Cash 50,000	Liabilities 200,000
Other Assets 550,000	Paraiso, Capital 225,000
	Ligeralde, Capital 175,000
Total assets: 600,000	Total Liabilities & Capital: 600,000

Partners A and Z share profits and losses 60:40, respectively.

In June, assets with a book value of P220,000 were sold for 180,000, creditors were paid in full, and 20,000 was paid to partners.

In July, assets with book value of 100,000 were sold for 120,000, liquidation expenses of 5,000 were paid and cash of 125,000 was paid to partners.

In August, the remaining assets were sold for 225,000

Required:

How much cash should Z receive in June?

How much cash should A receive in July?

How much cash should Z and A receive in August?