68 Chapter CHAPTER MULTIPLE CHOICE ANSWERS AND SOLUTIONS 4-1: a Capital balances before realization Loss on liquidation, P40,000 Cash distribution PAR P 20,000 ( 20,000) P – BOOGIE P 16,000 ( 12,000) P 4,000 BIRDIE P 10,000 ( 8,000) P 2,000 Capital balances before liquidation Gain of P10,000 (150,000-140,000) Cash distribution PING P 50,000 6,000 P 56,000 PANG P 50,000 2,000 P 52,000 PONG P 10,000 2,000 P 12,000 Capital balances before liquidation Loss of P40,000 (P140,000-P100,000) Cash distribution PING P 50,000 ( 24,000) P 26,000 PANG P 50,000 ( 8,000) P 42,000 PONG P 10,000 ( 8,000) P 2,000 Capital balances before liquidation Loss of P70,000 (P140,000-P70,000) Balances Absorption of Pong's deficiency, 6:2 Cash distribution PING P 50,000 ( 42,000) P8,000 ( 3,000) P 5,000 PANG P 50,000 ( 14,000) P 36,000 ( 1,000) P 35,000 PONG P 10,000 ( 14,000) ( 4,000) 4,000 – COLT MARK Capital balances before liquidation (net of loans)P290,000 P200,000 Loss of P130,000, 4:3:3 ( 52,000) ( 39,000) Cash distribution P238,000 P161,000 CLOCK P220,000 ( 39,000) P181,000 4-2: c 4-3: b 4-4: a 4-5: b 4-6: c Capital balances before liquidation Loss of P60,000, 40:50:10 Cash distribution JONAS P160,000 ( 24,000) P136,000 CARLOS P 45,000 ( 20,000) P 25,000 TOMAS P 55,000 ( 6,000) P 49,000 Partnership Liquidation 69 4-7: a Capital balances before liquidation Loss of P100,000, 4:3:3 Cash distribution ARIEL P40,000 ( 40,000) P – BERT P180,000 ( 30,000) P150,000 NORY P23,000 OSCAR P 13,500 15,000 ( 30,900) P 7,100 – ( 20,600) ( P7,100) CESAR P 30,000 ( 30,000) P – 4-8: b Capital balances before realization Additional investment by Nory for the unpaid liabilities (33,000-18,000) Loss on realization (schedule 1) Payment by Oscar to Nory Schedule Total capital before liquidation Unpaid liabilities Total loss on realization P 36,500 15,000 P 51,500 4-9: d Capital balances before liquidation (net) Loss on realization (schedule 1) P27,500 Balances, cash distribution BLACK P99,000 ( 13,750) P85,250 Schedule 1: Capital balances of white (net) Cash received by White White's share of total loss (30%) WHITE P 91,500 ( 27,500) P 64,000 GREEN P138,000 _( 5,500) P132,500 P 91,500 _83,250 P 8,250 Total loss on realization (P8,250/39%) P 27,500 4-10: c Capital balances before liquidation (net) Loss on realization, P63,600 Balances Unrecorded liabilities, P500 Balances Elimination of Nora's deficiency Payment to partners ANA P27,000 ( 25,320) P 1,680 ( 200) P 1,480 ( 1,380) P 100 EVA P 43,000 ( 25,320) P 17,680 ( 200) P 17,480 ( 1,380) P 16,100 NORA P 10,000 ( 12,660) ( 2,660) ( 100) ( 2,760) 2,760 P – Capital balances before liquidation (net) Loss on realization (schedule 1) P45,000 ARIES P33,500 ( 22,500) LEO P 49,000 ( 13,500) TAURUS P 36,500 ( 9,000) 4-11: d Payment to partners P11,000 P 35,500 P 27,500 70 Chapter Schedule 1: Taurus capital (net) Payment to Taurus Share of total loss (20%) P36,500 ( 27,500) P 9,000 Total loss on realization (9,000/20%) P45,000 4-12: c OLGA Capital balances, June 11 P 4,200 Net loss from operation (squeeze) ( 2,800) Capital balances, August 30 before liquidation (48,500-25,600) P 1,400 Loss on realization (47,500-30,000) ( 5,000) Balances TOTAL MONA NORA P32,700 P15,000 P13,500 ( 9,800) ( 4,200) ( 2,800) P22,900 P10,800 P10,700 ( 17,500) ( 7,500) ( 5,000) P 5,400 P 3,300 P 5,700 _1,500 _– _– P 6,900 P 3,300 P 5,700 00) Additional investment by Olga _1,500 Balances 00) Elimination of Olga's deficiency _2,100 Payment to partners ( 1,260) ( 840) P 6,900 P 2,040 P 4,860P Capital balances before liquidation Operating loss, P21,000 Drawings Loans Loss on realization, P12,000 Balances Absorption of Tita's deficiency Payment to Nora RITA P49,000 ( 3,500) ( 10,000) – ( 2,000) P33,500 1,500 P32,000 SARA P18,000 ( 7,000) ( 15,000) 8,000 ( 4,000) P – _– P – TITA P10,000 ( 10,500) ( 20,000) 25,000 ( 6,000) ( 1,500) _1,500 P – CLARO PEDRO P45,000 P27,000 – 4-13: b 4-14: a ANDRO Capital balances before liquidation P50,000 Loss on realization Accounts Receivable (P50,000 X 40%) Investment (P30,000 - P20,000) Equipment (P60,000-P30,000) Total P20,000 10,000 _30,000 P60,000 ( 24,000) ( 24,000) P21,000 P 3,000 TOTAL P47,500 MONA P28,500 ( 38,500) ( 23,100) P 9,000 P 5,400P 000) Payment to partners P38,000 4-15: c Capital balances before liquidation (inclusive loans) P19,000 Loss on realization, (squeeze) ( 15,400) Capital balances - cash distribution 3,600 Partnership Liquidation Cash after realization Less Liabilities (P36,000-P7,500) Total capital after realization 71 P 37,500 ( 28,500) P 9,000 4-16: a FF capital before distribution of net loss Add: share of net loss (P10,000 X 40%) FF capital before liquidation Cash settlement to FF FF share of total loss on realization (40%) P100,000 _( 4,000) 96,000 ( 80,000) P 16,000 Total loss on realization (P16,000/40%) P 40,000 Total capital before liquidation (P260,000-P10,000) Add: Liabilities Total assets Cash before liquidation Non-cash assets Loss on realization Cash to be realized P250,000 _100,000 P350,000 ( 50,000) P300,000 ( 40,000) P260,000 4-17: d Capital balances before realization (net) P62,500 Loss on realization (squeeze) ( 25,000) TOTAL P100,000 CC P 15,000 DD P22,500 ( 125,000) ( 62,500) ( 37,500) Capital balances after realization (liabilities-unpaid) P37,500 Elimination of CC's deficiency ( 19,000) Balances P18,500 Investment by DD _– Payment to EE P18,500 (P 25,000) ( 47,500) ( 15,000) _– 47,500 ( 28,500) – (P43,500) (P 25,000) 43,500 – _43,500 P 18,500 P P – – 4-18: d Total capital before liquidation Liabilities Total assets Less: Cash balance before realization Cash after payment of liabilities payment of liabilities Cash realized Non-cash asset Less: cash realized Loss on realization P 30,000 1,500 P 31,500 P 11,100 1,500 ( 11,600) 1,000 P 30,500 _11,600 P 18,900 72 Chapter 4-19: d TOTAL Capital balances P 80,000 Salary of LL (P600 X months) _4,800 Capital balances before liquidation P 84,800 Loss on realization Balances Additional investment by NN Payment to partners LL MM NN P 50,000 P 20,000 P 10,000 4,800 _ _ P 54,800 P 20,000 P 10,000 ( 44,880) P 9,920 – P 9,920 ( 14,960) P 5,040 _– P 5,040 ( 14,960) (P 4,960) 4,960 P – 4-20: b KK's total interest (P60,000-P10,000) Less: Cash to be paid to KK P 50,000 10,000 Share of total loss (1/3) P 40,000 Total loss on realization (P40,000/1/3) P120,000 Total assets: Total interest of the partners before liquidation: JJ (P70,000+P30,000+P10,000) KK (P60,000-P10,000) LL (P30,000+P10,000) Divide by Total Loss on realization Cash to be realized P110,000 50,000 40,000 P200,000 50% P400,000 _120,000 P280,000 4-21: a Capital balances, July P 25,000 Advances to NN, August OO Loan, September Interest, December 31 (6%) NN (5 mos.) OO (4 mos.) Compensation to PP _2,500 Capital balances before liquidation P 27,500 Loss on realization (squeeze) ( 17,550) Cash distribution TOTAL P 75,000 NN P 25,000 ( 10,000) 20,000 ( 10,000) – ( 250) 400 2,500 ( OO P 25,000 – 20,000 250) _ 400 _ P 87,650 P 14,750 P 45,400 _56,250 ( 17,550) ( 17,550) P 35,000 ( 2,800) P 27,850 9,950 NN should pay P2,800 and this is to be divided to OO & PP equally or P1,400 each Partnership Liquidation 73 4-22: a Capital balances before realization P350,000 Loss on realization (squeeze) _500,000 Capital balances after realization (unpaid liabilities) ( 150,000) Elimination of AS's deficiency P150,000 TOTAL P 950,000 PG P350,000 JR P250,000 ( 1,000,000) 20,000 ( 200,000) (P 50,000) P 50,000 P 50,000 _– ( 90,000) ( 60,000) Cash to be absorbed P – (P 40,000) (P 10,000) RM P500,000 ( 490,000) P 10,000 ST P825,000 ( 735,000) P 90,000 TOTAL P 27,500 LT P 20,000 AM P 5,000 37,500 _18,750 -9,375 P 65,000 P 38,750 P 14,375 AG P 420,000 BM P375,000 CP P205,000 ( 300,000) ( 300,000) (200,000) P 120,000 P 75,000 P – 4-23: a Capital balances before realization (net) Loss on realization, P1,225,000 Payment to Partners 4-24: a Capital balances before realization (net) P 2,500 Gain on realization (squeeze) 9,375 Capital balances after realization P 11,875 ZP 4-25: c Capital balances before realization (net) P150,000 Loss on realization, P1,000,000 (200,000) Balances P(50,000) Additional investment by DJ 5,000 50,000 4-26: a Settlement to Uy Uy capital before liquidation (net): Uy capital Receivable from Uy Loss of Uy (50%) P351,500 P553,500 ( 132,000) Total loss on realization (P70,000 ÷ 50%) CB before liquidation Receivable from Uy Loan to Wi Salary payable to Vi Interest before realization Loss on realization Settlement to partners 74 Uy 553,500 (132,000) P140,000 Vi 452,500 Wi 486,000 ( 40,500) 421,500 ( 70,000) 351,500 421,500 P 70,000 135,000 587,500 ( 42,000) 545,500 445,500 ( 28,000) 417,500 Total 1,492,000 (132,000) (40,500) 135,000 1,454,500 ( 140,000) 1,314,500 DJ Chapter SOLUTIONS TO PROBLEMS Problem – Case Rivas and Briones Statement of Liquidation December 31, 2008 Partners' Capitals Assets Rivas, Briones, Rivas Loan Loan (90%) Briones Cash (10%) Balances before liquidation P10,000 Realization of assets and distribution of loss ( 6,600) Balances 3,400 Payment of liabilities Balances 3,400 Offset Rivas' loan against his capital deficiency Balances 3,400 Additional loss to Briones ( 1,400) Balances 2,000 Payment to partner P(2,000) Others Liabilities P 20,000 P200,000 P132,000 P 18,000 P 20,000 P40,000 _134,000 ( 200,000) _ _ _ ( 59,400) 154,000 – 132,000 ( 132,000) – ( 132,000) 22,000 – – 18,000 20,000 _ _ 18,000 20,000 _ _ _ ( 18,000) _ 22,000 – – ( 19,400) – 20,000 _ _ _ _ _ 22,000 – – – P(22,000) – – – P(20,000) ( 19,400) _18,000 ( 1,400) 1,400 20,000 – – Case Rivas and Briones Statement of Liquidation December 31, 2008 Partners' Capitals Assets Rivas, Briones, Rivas Briones Cash Others Liabilities Loan Loan (30%) Balances before liquidation P20,000 P200,000 P132,000 P 18,000 P 20,000 P10,000 Realization of assets and distribution of loss 134,000 ( 200,000) _ _ ( 19,800) Balances 154,000 – 132,000 18,000 20,000 9,800 Payment of liabilities ( 132,000) _ ( 132,000) _ Balances 22,000 – – 18,000 20,000 9,800 Offset loan against capital deficiency _ _ ( 6,200) ( 9,800) 9,800 Balances 22,000 – – 11,800 10,200 Payment to partner P(22,000) – – P(11,800) P(10,200) – (70%) P40,000 ( 46,200) ( 6,200) _ ( 6,200) 6,200 – – Partnership Liquidation 75 Case Rivas and Briones Statement of Liquidation December 31, 2008 Partners' Capitals Assets Rivas, Briones, Rivas Briones Cash (50%) Balances before liquidation P 20,000 P10,000 Realization of assets and distribution of loss _134,000 ( 33,000) Balances 154,000 23,000) Payment of liabilities ( 132,000) Balances 22,000 23,000) Offset Briones'' loan against his capital deficiency _ _20,000 Balances 22,000 3,000) Additional loss to Rivas _ Others Liabilities Loan Loan (50%) P200,000 P132,000 P 18,000 P20,000 P40,000 ( 200,000) _ _ ( 33,000) 18,000 20,000 ( 7,000) 18,000 20,000 _ _ ( 7,000) – 132,000 _ ( 132,000) – – _ _ _ ( 20,000) – – 18,000 – _ _ _ _ 7,000 ( 3,000) 3,000 Balances Payment to partner – 22,000 P(22,000) – – – – 18,000 P(18,000) – – 4,000 P( 4,000) Journal Entries Case 1: Cash Rivas, Capital Briones, Capital Other Assets Liabilities Cash Rivas, Loan Rivas, Capital Briones, Capital Rivas, Capital Briones, Loan Briones, Capital Cash Case 2: Cash Rivas, Capital Briones, Capital Other Assets Liabilities Cash Rivas, Loan Briones, Loan Rivas, Capital Briones, Capital Rivas, Loan Briones, Loan Cash 76 Chapter Case 3: Cash Rivas, Capital Briones, Capital Other Assets Liabilities Cash Briones, Loan Briones, Capital Rivas, Capital Briones, Capital Rivas, Loan Rivas, Capital Cash 134,000 59,400 6,600 200,000 132,000 132,000 18,000 18,000 1,400 1,400 20,000 2,000 22,000 134,000 46,200 19,800 200,000 132,000 132,000 6,200 9,800 6,200 9,800 11,800 10,200 22,000 134,000 33,000 33,000 200,000 132,000 132,000 20,000 20,000 3,000 3,000 18,000 4,000 22,000 Problem – Blando and Castro Statement of Liquidation April 30, 2008 Partners' Capitals A s s e t s Accounts Blando, Blando Others Payable Loan (60%) Castro Cash Receivables Inventory (40%) Balances before liquidation P 18,000 P99,000 Collection of receivables and distribution of loss _37,500 ( 15,000) Balances 84,000 Realization of inventory and distribution of loss ,000) Balances 60,000 Realization of other assets and distribution of loss ( 17,600) P75,000 P90,000 P84,000 P42,000 P 24,000 P102,000 ( 75,000) _ _ _ _ ( 22,500) 84,000 42,000 24,000 ( 90,000) _ _ _ 42,000 24,000 _ _ 42,000 24,000 17,100 _ _ 24,000 17,100 55,500 – _30,000 _ 85,500 – – _40,000 _ _ – – Balances 125,500 42,400 Payment of accounts payable ( 42,000) _ Balances 83,500 42,400 Payments to partners… … P(83,500) P(42,400) _ 90,000 84,000 ( 84,000) _ _ ( 42,000) – – – – – – – – Partnership Liquidation ( 36,000) 43,500 ( 26,400) P(24,000) P( 17,100) 77 Problem – a – 79,500 Electric Company Statement of Partnership Realization and Liquidation June 30, 2008 Balances 14,000 Sale of assets at a loss ( 8,000) 6,000 Payment to creditors Capital Balances Volt Watt 30% 20% Cash Amp Loan Noncash Assets Liabilities Volt, Loan Amp 50% 20,000 15,000 135,000 30,000 10,000 80,000 36,000 _95,000 (135,000) (20,000) (12,000) 115,000 15,000 -0- 30,000 10,000 60,000 24,000 _(30,000) _ (30,000) _ 10,000 60,000 24,000 85,000 15,000 -06,000 Offset Amp, receivable (15,000) Payments to partners: Loan (10,000) Capitals _(75,000) _ ,000) Balances -0-0-0-0b (1) Cash Amp, Capital Volt, Capital Watt, Capital Noncash Assets Sell noncash assets at a loss of P40,000 -0- (15,000) _ -0- (10,000) (45,000) (24,000) -0- -0- -0- 95,000 20,000 12,000 8,000 135,000 (2) Liabilities Cash Pay creditors 30,000 (3) Amp, Capital Amp, Loan Offset receivable from Amp against his capital credit 15,000 (4) Volt, Loan Amp, Capital Volt, Capital Watt, Capital Cash Final lump-sum distribution to partners 10,000 45,000 24,000 6,000 30,000 15,000 85,000 Note: All partners permitted Amp to offset his receivable against his capital credit Alternatively, Amp could be required to pay the partnership the P15,000 receivable; the partnership would then pay him an additional P15,000 for his capital credit In this case, an offset of the receivable against the capital credit is reasonable, provided the receivable is not interest-bearing, Amp has a sufficient capital credit, Amp is personally solvent, and the note is not secured against specific assts of Amp The offset is not automatic, but must be determined by the terms of the initial note, and by the partners 78 Chapter Problem – a b Bina, capital before liquidation Payment to Bina Loss absorbed by Bina (40%) P320,000 _128,000 P192,000 Loss on realization (P192,000  40%) P480,000 AIDA, BINA & CELIA Statement of Partnership Liquidation January 1, 2008 Balances before liquidation Realization & dist of loss Balances Settlement to partners Cash Other Assets P80,000 240,000 320,000 (320,000) P720,000 ( 720,000) – _ Aida (5) P320,000 ( 240,000) 80,000 ( 80,000) Capital Bina Celia (4) (1) P320,000 P160,000 ( 192,000) ( 48,000) 128,000 112,000 ( 128,000) ( 112,000) Problem – a b LL, capital before liquidation Settlement to LL Gain realized by LL (20%) P 70,000 98,000 P 28,000 Total gain on realization (P28,000  20%) Other assets sold Selling price P140,000 _500,000 P640,000 JJ, KK & LL Statement of Liquidation Balances before liquidation Realization & Dist of gain Balances Payment of liabilities Payment to Partners ( 98,000) Cash P50,000 640,000 690,000 ( 60,000) (630,000) Other Assets Liabilities JJ (4) P500,000 P60,000 P180,000 ( 520,000) _ 56,000 – 60,000 236,000 ( 60,000) _ _ ( 236,000) Capital KK(4) (LL(2) P240,000 P70,000 56,000 _28,000 296,000 98,000 ( 296,000) Partnership Liquidation 79 Problem – a BB P160,000 CC P20,000 DD P60,000 EE P –0– b BB, CC, DD, & EE Statement of Liquidation C a p i t a l CC (10%)DD (20%) EE (40%) P80,000 (P120,000) Cash Liabilities BB (30%) P P60,000 P160,000 Balances before liquidation P(180,000) Advances by BB to pay liabilities Deposit by DD 60,000 Balances 60,000 0) Elimination of EE's deficiency Elimination of DD's deficiency Payment to partners 60,000 ( 60,000) 60,000 _ – _ 220,000 ( 90,000) ( 90,000) – 40,000 60,000 80,000 ( 60,000) ( 180,00 ( 30,000) ( 30,000) 20,000 ( 60,000) 120,000 – 180,000 Problem – Sayson and Company Statement of Liquidation –Date– Assets Liabilities Accounts Notes Peña P a r t n e r s' C a p i t a l s Sayson Zobel Ayala Peña Cash Noncash Payable Payable Loan (45%) (30%) (15%) Balances before liquidation P1,650 Realization of assets and distribution of gain P 15,000 P155,250 P11,250 P9,000 P 1,500 P 75,345 185,000 ( 155,250) _ 17,850 11,900 Balances 1,650 Payment of liabilities 200,000 - 11,250 9,000 1,500 93,195 98,398 ( 14,993) ( 11,250) ( 9,000) _ - - 1,500 93,195 98,398 ( 14,993) (10%) Balances 1,650 ( 20,250) 179,750 - P 86,498 P(14,993) Additional loss to Sayson, Zobel and Peña; 45:30:10 1,764) Balances (114) Offset Peña's loan against his capital deficiency 114 Balances _ 179,750 - - _ 179,750 - ( 7,937) ( 5,292) 14,993 - - 1,500 85,258 93,106 ( 114) 1,386 85,258 93,106 - - Payments to partners P(179,750) _ - P(1,386) P(85,258) P(93,106) 80 Chapter Problem – a Art, Bea and Cid Partnership Statement of Liquidation June 4, 2008 (20%) Balances before liquidation (including Bea loan, P4,000) P10,000 Realization of assets at a loss of P63,300 Unrecorded accounts payable (100) Payment to creditors Balances (2,760) Eliminate Cid's deficit _2,760 Balances Payment to Partners b 2008 July Cash Assets Other Liabilities Partners' Capital Art (40%) Bea (40%) Cid P 6,000 P94,000 P20,000 P27,000 P43,000 30,000 ( 94,000) (25,320) 500 (25,320) (200) (12,660) (200) (20,500) (20,500) 16,200 - - 1,480 17,480 (1,380) (1,380) 16,200 (16,200) - - 100 _( 100) 16,100 ( 16,100) - - Cash Art capital (P63,300 x 40%) Bea capital (P63,300 x 40%) Cid capital (P63,300 x 20%) Other assets 30,700 25,320 25,320 12,660 94,000 To record realization of other assets at a loss of P63,300 c Art capital (P500 x 40%) Bea capital (P500 x 40%) Cid capital (P500 x 20%) Liabilities To record trade accounts payable 200 200 100 Liabilities Cash To record payment of liabilities 20,500 Art capital Bea capital Cid capital To eliminate Cid's capital deficit 1,380 1,380 Art capital Bea capital Cid capital Cash To record payments to partners to complete liquidation 100 4,000 12,100 500 20,500 2,760 16,200 Cid's loss must be limited to P5,000, or P25,000 for the partnership (P5,000 / 20% = P25,000) Because the liquidation of liabilities results in a loss of P500, only P24,500 may be lost on the realization of other assets This requires that other assets realize P69,500 (P94,000 – 24,500) to enable Cid to receive P5,000 from the partnership to pay personal creditors in full Problem –9 KGB Partnership Statement of Realization and Liquidation Lump-sum Liquidation on June 30, 2008 - Preliquidation balances Sale of assets and distribution of 430,000 loss Cash contributed by B Distribution of deficit of insolvent partner: 20/60 (P2,000) 40/60 (P2,000) Offset deficit with loan Contribution by G Payment of creditors Distribution to K Postliquidation balances Capital Balances K G 20% 40% (240,000) (100,000) B 40% (120,000) (60,000) 86,000 (154,000) 172,000 72,000 172,000 52,000 (60,000) (154,000) 72,000 50,000 2,000 Cash 50,000 Noncash Assets 950,000 Liabilities (480,000) G Loan (60,000) 520,000 570,000 950,000 -0- (480,000) - (480,000) 50,000 620,000 -0- (2,000) 666 620,000 620,000 13,334 633,334 (480,000) 153,334 (153,334) -0- -0-0- (480,000) (480,000) (60,000) 60,000 -0- (153,334) (153,334) (480,000) 480,000 -0- -0- (153,334) (153,334) 153,334 -0-0-0- -0- -0- -0- -0- 1,334 73,334 (60,000) 13,334 (13,334) -0- -0-0-0- -0- -0- -0- -0- - 82 Chapter KGB Partnership Schedule of Distribution of Personal Assets June 30, 2008 Personal assets, excluding partnership capital and loan interests Personal liabilities Personal net worth, excluding partnership capital and loan interests Contribution to partnership Distribution from partnership Personal capacity K G B 500,000 (460,000) 600,000 (480,000) 700,000 (650,000) 40,000 120,000 (13,334) -0- 106,666 50,000 153,334 193,334 -0- -0- - ... partners 74 Uy 553,500 (132,000) P 140 ,000 Vi 45 2,500 Wi 48 6,000 ( 40 ,500) 42 1,500 ( 70,000) 351,500 42 1,500 P 70,000 135,000 587,500 ( 42 ,000) 545 ,500 44 5,500 ( 28,000) 41 7,500 Total 1 ,49 2,000... -0- (48 0,000) - (48 0,000) 50,000 620,000 -0- (2,000) 666 620,000 620,000 13,3 34 633,3 34 (48 0,000) 153,3 34 (153,3 34) -0- -0-0- (48 0,000) (48 0,000) (60,000) 60,000 -0- (153,3 34) (153,3 34) (48 0,000)... P90,000 P 84, 000 P42,000 P 24, 000 P102,000 ( 75,000) _ _ _ _ ( 22,500) 84, 000 42 ,000 24, 000 ( 90,000) _ _ _ 42 ,000 24, 000 _ _ 42 ,000 24, 000 17,100 _ _ 24, 000 17,100