Profit and Loss % 20% 50% 30% Capital Balance 8,000 debit 28,800 credit 9,600 credit ASSER JING TONY The partnership balance sheet shows cash of P8,000, non- cash assets of P22,400, and no liabilities. 6. Assuming no liquidation expenses, what safe payments could be made? a. P8,000 split between JING and TONY by a ratio of 5:3, Respectively b. P8,000 to JING only c. P1,600 to ASSER, P4,000 to JING and P2,400 to TONY d. P28,800 to JING only