Quizzer: Partners Xian, Yna and Zara, who share income and loss in the ratio of 3:5:2 have decided to liquidate their partnership. At he time of liquidation, the statement of financial position of the partnership consisted of the following: Assets Equities Cash P40,000 Liabilities P31,000 Other assets 120,000 Loan from Yna 10,000 Xian, capital 36,000 Yna, capital 40,000 Zara, capital 43,000 Total assets P160,000 Total equities P160.000 The partners desire to prepare an installment distribution schedule showing how cash would distributed to partners as assets are realized. In the first sale of other assets having book value of P50,000 realized P15,000 and all available cash is distributed, how much cash should each partner receive? Xian Yna Zara A. PO P6,000 P18,000 B. 8,000 0 8,000 C. 3,000 21,000 D. 21,000 O 3,000