The year-end balance sheet and residual profit and loss sharing percentages for the Faye, Jhane, and Mae partnership on December 31, 2005, are as follows: A cash distribution plan for the Faye, Jhane, and Mae partnership will show that cash available, after outside creditors are paid, will initially go to The partners agree to liquidate the business and distribute cash when it becomes available. Cash PHP 30,000 Loan toFaye 40,000 Other asset 480,000 Total asset 550,000 Accounts payable PHP 200,000 Loan from Jhane 50,000 Faye, Capital (25%) 70,000 Jhane, Capital (25%) 80,000 Mae, Capital (50%) 150,000 Total Equity 550,000 Question 5Select one: Mae in the amount of Php90,000. Jhane in the amount of Php45,000. Faye in the amount of Php20,000. Jhane in the amount of Php55,000.