NAME: SECTION: Problem #19 SCORE: PROFESSOR: Installment Liquidation: Cash Priority Program The loan and capital account balances of Santiago, Gorospe, Esparaguera and Ronzales were as follows on Sept. 25, 2019, the date that the partnership began liquidation: Loan Receivable-Esparaguera Loan Payable-Santiago Santiago, Capital Gorospe, Capital Esparaguera, Capital Debit P. 10,000 Credit P 20,000 50,000 25,000 70,000 50,000 Ronzales, Capital Partnership liabilities totaled P80,000 on Sept. 25, 2019. The partners shared profits and losses and realization gains and losses as follows: Santiago, 20%; Gorospe, 25% Esparaguera, 30%; and Ronzales, 25%. Required: Prepare the cash priority program