LUMP-SUM AND INSTALLMENT LIQUIDATION PROBLEM 1. The partnership of MB, NC, and OP was dissolved on May 31, 2013, and the account ba noncash assets are converted to cash on July 1, 2013, along with residual P/L sharing ra Cash P262.500 Accounts payable NC, Capital (30%) 315.000 MB, Capital (30%) OP, Capital (40%) 525.000 Personal assets and liabilities of the partners at July 1, 2013 are: Personal Assets Personal Liabilities MB P420,000 P472,500 NC 525,000 320.250 OP 997.500 420,000 If OP contributed P367,500 to the partnership to provide cash to pay the creditors, whe P472,500 partnership equity would appear to be recoverable: A. P414, 750 C. P425,250 B. P472,500 D. PO