The balance sheet of the Alba, Blick, and Calvo partnership onJanuary 1, 2006 (the date of partnership dissolution) was as follows:CashP2,000LiabilitiesP4,010Other assets13,000Loan from Alba500Loan to Calvo1,000Alba, capital (20%)990Blick, capital(40%)4,500Calvo, capital(40%)6,000Total assetsP16,000Total liab./equityP16,000In January, other assets with a book value of P8,000 were sold forP5,000 in cash.Required:Determine how the available cash on January 31, 2006 will bedistributed