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Partners Richmond, Paul, and Malanum decided to liquidate their partnership. They share profits and losses in the ratio 2:1:1. Below are information about their equities.

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Partners Richmond, Paul, and Malanum decided to liquidate their partnership. They share profits and losses in the ratio 2:1:1. Below are information about their equities. Loan receivable from Richmond debit P 300,000 Loan payable to Paul credit P 600,000 Richmond, Capital debit P 900,000 Paul, Capital credit P 1,800,000 Malanum, Capital credit P 1,500,000 If cash available for distribution is P 6,400,000, how much will Richmond receive? zero O 650,000 O 900,000 O 2,250,000

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