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What is the final cash distribution to akho

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Sanna, Nagaral and Akho are partners in textile distribution business sharing profits and losses equally. On December 31, 2019 before closing operating profit, the partners' capital and drawing accounts are as follows:

                   Sanna               Nagaral        Akho

Capital       120,000         100,000        300,000
Drawing      60,000          40,000         30,000

Problem 1: The partnership was unable to collect on trade receivables and was forced to liquidate. Operating profit for the year 2019 amounted to P60,000 which was all exhausted including the partnership assets. Unsettled creditors' claim at December 31, 2019 totaled P30,000. Nagaral and Akho have substantial private resourses but Sanna has no personal assets. What is the final cash distribution to Akho?

Reference no: EM132891261

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