When Conde and Dalmacio, partners who share earnings equally, were incapacitated in an airplane accident, a liquidator was appointed to wind up their business. The accounts showed cash, P70,000; other assets, P220,000; liabilities, P40,000; Conde's capital, P142,000 and Dalmacio's capital P180,000. Because of the highly specialized nature of the non-cash assets, the liquidator anticipated that considerable time would be required to dispose them. The expense o liquidating the business (advertising, rent, travel, etc.) are estimated at P20,000 Instructions: Determine the amount of cash that can be distributed safely to each partner at this point.