On January 1, 2018, XYZ Partnership entered into liquidation. The partners' capital balances on this date were as follows: X (25%) P2,500,000: Y (35%) P5.400.000: Z (40%) P3,700,000. The partnership has fiabilities amounting to P4,400.000, including a loan from Y P600.000. Cash on hand before the start of liquidation is P800.000. Noncash assets amounting to P7.400,000 were sold at book value and the rest of noncash assets were sold at a loss of P4,200.000. How much cash will be distributed to the partners? P7,400,000 OPB000,000 OP4,400,000 P11.800.000