On December 31, 2020, the statement of financial position of UFC Partnership shows the following data with profit or loss sharing ratio of 2:3:5: Cash P15,000,000 Other non-cash asset 40,000,000 Liabilities to others P20,000,000 U, Capital 15,000,000 F, Capital 12,500,000 C, Capital 7,500,000 On January 1, 2021, the partners decided to wind up the partnership affairs. During the winding up, liquidation expenses amounted to P2,000,000 were paid. Non-cash assets with book value of P30,000,000 were sold during January, 40% of total liabilities were also paid during January. P3,000,000 cash was withheld during January for future liquidation expenses. On January 31, 2021, partner U received P10,000,000. What is the net proceeds from the sale of non-cash assets during January 2021?