On December 31, 2020, the accounting records of the ABC partnership included the following information: A, drawing (debit balance) P 24,000 A, capital P 123,000 B, drawing (debit balance) 9,000

On December 31, 2020, the accounting records of the ABC partnership included the following information: A, drawing (debit balance)             P 24,000        A, capital       P 123,000 B, drawing (debit balance)                   9,000       B, capital           100,500 C, loan                                                  30,000         C, capital           108,000 Total assets amounted to P 478,500, including P 52,500 cash, and liabilities totaled P 150,000. The partnership was liquidated on December 31, 2020, and B received P 83,250 cash pursuant to the liquidation. A, B, and C share net income and losses in a 5:3:2 ratio respectively. How much should A and C receive upon liquidation of the partnership?

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