Lebron and Wade, partners who share profits and losses equally decided to liquidate their partnership by installment. The statement of financial position showed Cash – P 35,000; P Liabilities – P...

Lebron and Wade, partners who share profits and losses equally decided to liquidate their partnership by installment.  The statement of financial position showed Cash – P 35,000; P Liabilities – P 20,000; Lebron, Capital – P71,000; and Wade, Capital – P 54,000. Liquidation expenses amounted to P 10,000.  How much cash can be distributed safely toeach partner at this point?