Presented below is the condensed balance sheet of the partnership of A, B, and C who share profits and losses in the ratio of 2:3:5. respectively: Cash 100,000 Liabilities 50,000 Other assets 350,000 A, Capital 110,000 B, Capital 120,000 C, Capital 170,000 Total 450,000 Total 450,000 The partners agree to sell to D 10% of their respective capital and profit and loss interests for a total payment of P50,000. The payment by D is to be made directly to the individual partners using the book value approach. The capital balances of A,B, and C, respectively after admission of D are:In the AB partnership, A's capital is P150,000 and B's capital P50,000 and they share income in a 1:4 ratio, respectively. They decide to admit C to the partnership. A and B agree that some of the inventory is obsolete. The inventory account is decreased before C is admitted. C invests P50,000 for a 60% interest in capital. What is the amount of inventory written down?A, B and C decided to liquidate their partnership on July 31, 2020. Their capital balances and profit and loss ratio are as follows: Partner Capital balances Profit/loss ratio A 100,000 40% B 120,000 30% C 40,000 30% From January 1, 2020 to July 31, 2020 the partnership had a net loss of ten thousand, which is not yet reflected in the capital balances. On July 31, 2020 before realization the balance of cash is 50,000 and that of liabilities is 100,000. For A to receive 80,000 in the settlement of his interest upon liquidation, how much should be the cash proceeds