Question 4 of 20 1 Point N, S and G form a partnership on January 1, 2020, investing P150,000, P100,000 and P100,000, respectively Profits and losses are to be shared in the ratio 2 1 1, respectively. It is agreed that 6% (1/2 of 1% per month) is to be charged on withdrawals that decrease capital below the original investments, On March 1, N withdraws P50,000 Business is unsatisfactory and it is decided to dissolve partnership Partnership assets realized P50,000 and the accountant distributes this cash to the proper parties on November 1, 2020 All parties are solvent, and proper settlement is made among partners the same day The final cash settlement among partners will involve Select the correct response No settlement is required ON paying S, P12,500 and G, P12,500 N receiving from S, P13,000 and from G, P13,000 O N paying S, P13,000 and G, P13,000