Jackie, Karla and Linda are partners with profit and loss ratio of 50%, 30%, and 20%, respectively. The partners decided to liquidate the partnership effective January 1, 2020. The partnership trial balances on December 31, 2019 were as follows: Debit Credit P 12,500 ......... 112,500 P 33,750 3,750 Cash ...... Non-cash assets Liabilities to Creditors ..... Loan payable - Linda Jackie, Capital Karla, Capital Linda, Capital Totals ..... .... 45,000 30,000 12,500 P 125,000 P 125,000