The accounts of the partnership of PBA at December 31, 2016 are as follows: Cash P 132,000 Liabilities P 100.000 Non-cash Loan from B 32,000 assets 1,166,000 Loan to P 24,000 P, capital 330.000 B, capital 586,000 A, capital 274.000 Total P1, 322,000 Total P1,322,000 They divide profits and losses 3:5:2 to P. B. and A respectively. They have decided to liquidate the partnership at this date 1. Determine the amount payable to Partner A if cash is paid just before the start of liquidation on December 31, 2016. a. P 28,286 C. P 35.357 b. P 35,300 d. P 35.120 2. Determine the amount Partner P and Partner B would have received by the time Partner A would have received a cumulative amount of P72.000. a. R. P3,000 and S, P113,000 b. R. P3,516 and S, P140,530 C. R. P3,750 and S, P141,250 d. R. P3.516 and S, P145.200 On January 1, 2016, the partners CARLO, DIEGO, and EDGAR, who share profits and losses in the ratio of 5:3:2, respectively. decided to liquidate their partnership. On this date the partnership condensed balance sheet was as follows: Cash P 80.000 Liabilities P 96.000 Other assets 400,000 Carlo, capital 128,000 Diego, capital 144,000 Edgar, capital 112,000 Total P 480,000 Total P 480.000 On January 15, 2016, the first cash sale of other assets with a carrying amount of P240.000 realized P192,000. Safe installment payments were made the same date. 3. How much cash should be distributed to each partner? CARLO DIEGO EDGAR a. P 30,000 P102,000 P 88.000 b. P 80,000 P 90,000 P 70,000 C. P 24,000 P 81,600 P 70.400 P120,000 P 72.000 P48.000