PROBLEM 8. HM, CM and DM of The M3 Partnership has the following account balances before liqu Cash P420,000 Liabilities Noncash assets 3,880,000 Loan from DM Loan to CM 192,000 HM, Capital (25%) Receivable from HM 44,000 CM, Capital (15%) Expenses 2,556,000 DM, Capital (609%) Revenues During June, some noncash assets were sold that resulted to a gain of 72,000. Liquidati P124,000 were paid and additional expenses amounting to P96,000 were expected to b through the following months of liquidating the partnership. Liabilities to outsiders am P316,000 were paid. For CM to receive P874,000 on the first distribution of cash, which of the following stat correct