Assume A, B, C and D are partners sharing profits 40%, 20%, 20%, 20%, respectively. On January 1, 2020, they agree to liquidate. A balance sheet prepared on this date is shown as follows: Assets Liabilities and Capital Non- Cash assets P 181,800 Liabilities P 84,000 A, Loan 6,000 D, Loan 3,000 A, Capital В, Саptal C, Capital D, Capital 26,400 25,800 20,400 16,200 P 181,800 Total P 181,800 Results of liquidation are summarized below: Month Proceeds Book Value Liquidation exp. Cash withheld January February P72,000 P90,000 P1,200 P4,800 21,600 30,000 1,320 1,800 March 19,200 24,000 1,440 1,200 April May 6,000 19,800 4,800 600 2,400 18,000 960 Required: Prepare the statement of liquidation and related schedule of safe payment for the month of January to May 2020 and determine payment to partners for every month.