The condensed balance sheet and profit and loss ratios of the partnership of Bean, Dean, and Jean are as follows:
Cash P 1,125,000 Liabilities P 2,625,000
Rec. from Bean 375,000 Payable to Jean 500,000
Other assets 10,250,000 Bean, capital (40%) 3,750,000
Dean, capital (30%) 2,500,000
Jean, capital (30%) 2,375,000
Partners agree to liquidate and all non-cash assets were sold for P7,500,000.
How muchof the available cash will go to Bean?
a. P3,750,000 b. P2,275,000 c. P2,650,000 d. P2,125,000