Please answer with full solutions :))

Corporate Liquidation & Reorganization 197 gni Half of the inventory was sold at 80% of carrying amount. The other half is expected to be sold at 60% of carrying amount. The equipment was sold for P380,000 after it was refurbished for P50,000. claim P100,000 accounts payable were paid. The balance remains rom he outstanding. . Employee termination benefits of P100,000 were recorded and 2.410 P80,000 of that amount were paid. The lender accepted P1,000,000 as full payment of the loan. issets of . Liquidation costs of P50,000 were paid. withou Scrap materials from clearing the warehouse were sold for P10,000. intanks 8. How much "liabilities liquidated" is presented on Rainy's statement of realization and liquidation? b. 1,290,000 c. 1,180,000 d. 1,520,000 e good a. 3,100,000 9. How much net gain (loss) is reported on Rainy's statement of realization and liquidation? a. 192,000 b. 178,000 c. (178,000) d. (192,000) editors 10. How much is the ending balance of the "estate deficit" account? a. 978,000 b. 1,008,000 c. 987,000 d. 1,122,000Use the following information for the next three questions: Rainy Co.'s financial position before its liquidation is as follows: ASSETS LIABILITIES AND EQUITY Cash 100,000 Accounts payable 1,600,000 Accounts receivable 600,000 Loan payable 1,500,000 Inventory 900,000 Share capital 2,000,000 Equipment, net 400,000 Retained earnings (deficit) (3,100,000) Total 2,000,000 Total 2,000,000 Transactions in the first quarter of liquidation are as follows: . 90% of the accounts receivable were collected. Commission of third party collectors amounted to P108,000. The collectors expect to collect the remaining receivables in the next quarter