ASAP P and Q share profits and losses equally. They decided to liquidate their partnership when their net assets amounted to P300,000. Capital balances were P 120,000 and P 80,000, respectively. If...

ASAP

P and Q share profits and losses equally. They decided to liquidate their partnership when their net assets amounted to P300,000. Capital balances were P 120,000 and P 80,000, respectively. If the non-cash assets were sold for an amount equal to book value, what amount of cash should Orange and Lemon respectively received?