KINDLY ANSWER NO. 6 AND 7 THANK YOU

For Nos. 6 and 7 On December 31, 2018, the Statement of Financial Position of ABC Partnership provided the following data with profit and loss ratio of 5:3:2 of respective partners A, B, and C showed the following information: Cash Noncash assets 3,200,000 2,800,000 Total liabilities A, Capital B, Capital C, Capital 4,000,000 200,000 1,000,000 800,000 On January 1, 2019, the partners decided to liquidate the partnership. All partners are legally declared personally insolvent. As of January 31, 2019, the following transactions occurred: Noncash assets with a carrying amount of P 2,000,000 were sold at a gain of P 200,000 Liquidation expenses for the month of January amounting to P 100,000 were paid It estimated that liquidation expenses amounting to P 300,000 will be incurred for the month of February 2019 20% of the liabilities to third persons were settled Available cash was distributed to the partners 6. What is the amount of cash received by partner Con January 31, 2019? A. 520,000 B. 480,000 C. 600,000 D. 700,000 7. What is the amount of total cash witheld on January 31, 2019? A. 1,100,000 B. 3,200,000 C. 3,500,000 D. 3,400,000