Answer the following question with complete computations/solutions.

10. ABC Co. is undergoing liquidation. Information before the start of the liquidation process is as follows: Cash 10,000 Accounts payable 80,000 Accounts receivable 80,000 Payable to B 20,000 Receivable from A 10,000 A, Capital (50%) 250,000 Inventory 180,000 B, Capital (30%) 150,000 Equipment, net 320,000 C, Capital (20%) 100,000 Total 600,000 Total Liab. & Equity 600,000 the total cash distributed to the partners after the first and second sales of noncash assets were P12,000 and P30,000, respectively. how much cash did B receive in the second cash distribution?7. Partners A, B and C decided to liquidate their partnership. A summary of the partnership's statement of financial position is shown below: Assets Liabilities Cash Noncash A (20%) Equity B (30%) 20,000 480,000 30,000 100,000 170,000 C (50%) 200,000 One-third of the noncash assets were sold for $70,000. The partnership paid #8,000 liquidation expenses. Partner C is insolvent. How much cash did A receive from the settlement of the partners' interests