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What is the amount of cash ee will receive upon liquidation

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CC, DD, and EE are partners sharing profits and losses in the ratio of 4:4:2. During the year their investments and withdrawals are as follows:
                              Investments               Withdrawals
CC                     20,000                      10,000
DD                      40,000                     20,000
EE                       80,000                     20,000

Problem 1: On December 31, 2019, the partners decided to liquidate the business. After exhausting partnership assets, liabilities of P40,000 remain unpaid. CC is personally insolvent but DD and EE are personally solvent. What is the amount of cash EE will receive upon liquidation?

Reference no: EM132891229

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