Problem #2 Lump-Sum Liquidation On Dec. 31, 2020, the Hungria and Blanche Partnership had the following assets, liabilities, and partners' equity: Assets P1,000,111= Liabilities P250,000+ Hungria, Capital P400,000+ Blanche, Capital P350,000 When the partners agreed to liquidate the business, the assets were sold for P800,000 and the liabilities were paid. Hungria and Blanche share profits and losses in a ratio of 3:1, respectively. What is the final cash distribution to each partner after liquidation