KINDLY ANSWER NO. 5 THANK YOU

For No. 5 On December 31, 2018, the Statement of Financial Position of ABC Partnership provided the following data with profit and loss ratio of 6:1:3 of partners A, B, and C, respectively, revealed the following data: Cash Receivable from A Other noncash assets 2,000,000 1,000,000 4,000,000 Other liabilities Payable to B Payable to C A, Capital B, Capital C, Capital 4,000,000 2,000,000 200,000 1,400,000 (1,300,000) 700,000 On January 1, 2019, the partners decided to liquidate the partnership. All partners are legally declared personally insolvent, The other noncash assets were sold for P 3,000,000. Liquidation expenses amounting to P 200,000 were incurred 5. How much cash was received by B at the end of the partnership liquidation? A. 500,000 B. 300,000 C. 580,000 D. 540,000