The partnership incurred losses in recent years and decided to liquidate. Assuming C is insolvent. Noncash assets were sold for P100,000. Compute the final settlement to A

As of December 31, 2021 (full year), A, B and C Partnership has the following data below before liquidation:

Cash

Noncash

Accounts Payable

A, Loan

A, Capital

B, Capital

C, Capital

10.000

100.000

5,000

5,000

25.000

35,000

40.000

Assuming that non-cash were sold for P10,000. The profits and losses are shared equally. Compute the cash received by C for the final settlement of his capital balance.