Provide the Liquidation Statement for each cases and their Journal Entries. Attach on the picture are the format for the Liquidation Report and General Journal.

Anita, Banana and Carla are partners in the ABC partnership decided to liquidate. The condensed statement of financial position of the partnership as of December 31, 2020 is presented below: Assets Cash Non-cash Assets P 40,000 360,000 Liabilities Carla, Loan Anita, Capital Banana, Capital Carla, Capital Total Liabilities and Capital Anita Banana Carla Liabilities and Capital Total Assets P 400,000 Anita, Banana and Carla share profits and losses in the ratio of 5:3:2, respectively. Instruction: Prepare liquidation statements and journal entries to record the liquidation under each of the following independent cases. Case 1 - Other assets are sold for P200,000. Case 2 - Other assets are sold for P140,000. All partners are solvent and any partner with a capital deficit makes good his deficit by contributing additional cash to the partnership. Case 3 - Other assets are sold for P140,000. All partners are insolvent and unable to make good any capital deficit. Personal Assets Case 4 - Other assets are sold for P104,000. The personal assets and liabilities of the partners are as follows: P200,000 100,000 60,000 P 140,000 20,000 140,000 80,000 20,000 P 400,000 Personal Liabilities P160,000 90,000 50,000 Case 5 - Other assets are sold for P104,000. The personal assets and liabilities of the partners are as follows: