Homework Help [Partnership Liquidation - Lump Sum]

Hello, need help answering the attached exercise related to partnership. Please provide solutions and detailed explanations.

1 . If non-cash assets are sold for $150,000 and all liabilities are paid and liquidation expenses of P 5, 000 are also paid , how much cash should Alex , Aaron , and Anthony receive ? 2 .. If non - cash assets are sold for $ 50, 000 and all liabilities are* paid and liquidation expenses of P 5 , 000 are also paid , how much cash should Alex , Aaron , and Anthony receive ? 3 . If nan- cash assets are sold for $40, 000 and all liabilities are . paid and liquidation expenses of PIO,000 are also paid , how much cash should Alex , Aaron , and Anthony receive ?* 4 . If Anthony received a total of P18,000 in the cash distribution :" a . . How much cash should Alex receive ?" b. Assuming there are no liquidation expenses , how much is the gain or loss on realization ?Problem 4. The Statement of Financial Position of AAA Partnership, just before liquidation, is as follows: ASSETS LIABILITIES & CAPITAL Cash 60,000 Liabilities 70,000 Other Assets 140,000 Loan- Alex 20,000 Alex, Capital (50%) 30,000 Aaron, Capital (30%) 50,000 Anthony, Capital (20%) 30,000 Total Assets 200,000 Total Liabilities & Capital 200,000 Additional information: a. Partners Alex and Aaron are personally insolvent. b. It was agreed that all non-cash assets are to be realized before any cash distribution to the partners can be made