Mr. Dimamatay, a partner of Long Live Enterpries finally died on February 29, 20A. Record shows that his interest in the partnership as of latest closing of book on December 31,20A was P50,000. The partnership made a profit of P20,000 from January 1 to February 29,20A. He shares 50% in profit. Required: 1) Determine the interest of Mr. Dimamatay in the partnership at the time of his death. 2) Prepare journal entry in the book of the partnership assuming his interest was given to his heirs. 3) If his interest will be sold to Mr. Buhay as a remedy to settle the partnership obligation, what journal entry is necessary