The Liquid Company had a very unstable financial condition caused by a deficiency of liquid assets. On February 4. 2008, the following information was available; Cash P 112,000 Assets not realized: Accounts receivable 80,000 Merchandise inventory 160,000 Investment In stock 26,400 Land 100,000 Buildings 60.000 Machinery and equipment 48.000 Liabilities not liquidated: Notes payable P 214,000 Accounts payable 288,000 Salaries and wages 40,000 Taxes payable 8.000 Bank loan 180,000 Estate deficit [173,600) During the six-month period ending July 31, 2008, the trustee sold the Investment in Stock for P26,000, realized P84,000 for the accounts receivable, sold the merchandise for P152,000, and paid-off P26,000 of the bank loan and all liabilities with priorities (salaries and wages payable, faxes payable) as well as P7,140 for estate administration expenses. The net gain/loss on realization and liquidation