The balance sheet of Abby and Gale Merchandising appeared as follows: Assets Liabilities and Capital Cash Non-Cash 87,500.00 700,000.00 Accounts Payable 350,000.00 Loan Payable to Abby 35,000.00 Loan Payable to Gale 52,500.00 Abby, Capital 175,000.00 Gale, Capital 175,000.00 787.500.00 787.500.00 Profit and loss sharing ratios are equally. All partners are solvent.] Prepare statement of liquidation and journal entries under the following independent cases: 1. The non-cash assets were sold for P500,000.00 2. The non-cash assets were sold for P350,000.00 3. The non-cash assets were sold for P262,500.00 4. The non-cash assets were sold for P210,000.00