Problem 3 Assume that the partnership of Buz, Max, and Nan is in the process of liquidation and that its account balances are as follows (in thousands): Cash Loan due from Max Land Buildings - Net P 80 Loan payable to Nan 10 Buz, Capital (50%) 20 Max, Capital (30%) 140 Nan, Capital (20%) P 250 P 20 50 70 110 P 250 All liabilities other than to partners have been paid, and the partners expect the sale of the land and buildings to take several months. Therefore, they agree that all cash on hand other than P10,000 to cover expenses and contingencies should be distributed immediately. Requirement: How much cash should each partner receive in the advance distribution?