answer entry below.

Amado, Ben, and Crispin have decided to dissolve thier partnership. The balance sheet of thier firm as of June 30.2018 I Assets. Php 272,000 Liabilities.........41 112,000 Loan payable to Ben 48,000 Amado, Capital 90,000 Ben, Capital ( 20,000) Crispin, Capital 42,000 Php272.0DQ. Profits were divided as follow: Amado, 60%; Ben, 20% and Cripin 20%. The assets were sold for Php 132,000. the liabilities were paid and remaining cash was distributed to the partners. . a) Statement of partnership liquidation