Problem 7 Hello, Hai and Goodbye are partners sharing profits and loss in the ratio of 1:1:2, respectively. They decided to liquidate the business. The assets were sold and liabilities amounting to...

Extracted text: Problem 7 Hello, Hai and Goodbye are partners sharing profits and loss in the ratio of 1:1:2, respectively. They decided to liquidate the business. The assets were sold and liabilities amounting to P20,000 were paid. At this point, the capital balances of the partners are as follows: Hello Hai Goodbye P20,000 credit 15,000 debit 30,000 credit Hai is personally insolvent. 42. How much is the cash available for distribution to partners? 43. How much cash should Hello receive? (Round answer to the nearest peso)