Glenn, a partner in a law firm, decided to withdraw from the partnership. Glenn’s share in the partnership profits and losses was 20%. Upon withdrawal from the partnership he was paid cash in final settlement for his interest. The total of the partners’ capital accounts before the recognition of the revaluation prior to Glenn’s withdrawal was P315,000. After his withdrawal the remaining partner’s capita; accounts, excluding their share of revaluation, totaled P240,000, but including their share of revaluation, totaled P384,000. What is the total amount of cash paid to Glenn? a. 111,000 b. 99,000 c. 96,000 d. 87,000

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