1. The partnership of A, B, and C had the following account balances and percentages for the sharing of profits and

losses

Cash

Noncash assets

Liabilities

A, Capital (40%)

B. Capital (40%)

C, Capital (20%)

P 80.000

205.000

47.000

138,000

119,500

(19,500)

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