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SCA partnership has the following account balances before liquidation: Cash Noncash assets Loan to C Receivable from S Expenses P70,000 1,475,000 30,000 4,000 446,000 Liabilities Loan from a S, Capital (40%) C, Capital (40%) A, Capital (20%) Revenues P 225,000 10,000 250,000 380,000 200,000 960,000 During May, some noncash assets were sold that resulted to a loss of P9,225. Liquidation expenses of P35,000 were paid and additional expenses amounting to P18,000 were expected to be incurred through the following months of liquidation the partnership. Liabilities to outsiders amounting to P175,000 were paid. What is the book value of the noncash assets which were sold for C to receive P111,110? A P465,775 BP426,000 CP416,775 DP 475,000