Partners I. J and K share profits and losses equally. On March 31, 2020, the partners voted to liquidate the partnership when its assets. liabilities, and capital were as follows: 660.000 Cash 77.000 abilities 440.000 Note receivable from K 60.500 Loans: Other noncash assets 22.000 88.000 Capital 82.500 82.500 82 500 797.500 797.500 Assume the following: a) As the noncash assets of P660.000 were sold for P297.000 b) K instructed the partnership to write off the P60.500 he borrowed from the partnership c) Al partners could eliminate any deficits in their capital accounts through offset or contribution, or both d) Al cash was distributed to outside creditors and partners Partners I. J and K share profits and losses equally. On March 31, 2020, the partners voted to liquidate the partnership when its assets. liabilities, and capital were as follows: 660.000 Cash 77.000 abilities 440.000 Note receivable from K 60.500 Loans: Other noncash assets 22.000 88.000 Capital 82.500 82.500 82 500 797.500 797.500 Assume the following: a) As the noncash assets of P660.000 were sold for P297.000 b) K instructed the partnership to write off the P60.500 he borrowed from the partnership c) Al partners could eliminate any deficits in their capital accounts through offset or contribution, or both d) Al cash was distributed to outside creditors and partners