X,Y and Z are partners dividing profit and losses of the partnership in the agreed ratio of 1:2:3. The following are the ledger balances at the start of liquidation:

Cash	P50,000		Accounts payable	P120,000
Noncash	670,000		Loans payable Y	10,000
Loans receivable X	30,000		Loans payable Z	20,000
			X, Capital	150,000
			Y, Capital	200,000
			Z, Capital	250,000
Total	P750,000		Total	P750,000

If Z received P30,000 in the 1^stcash distribution, how much is the selling price of the first realization?

Group of answer choices

240,000

290,000

190,000

70,000