P, Q and R were in partnership. The following is their Balance Sheet as at Dec 31 on which date they dissolved it:

Liabilities

As

Assets

As

Capital: A

51,000

Cash

12,000

B

24,000

Debtors

54,000

C

3,000

78,000

Stock

1,20,000

General Reserve

18,000

Loan A

18,000

B

12,000

30,000

Creditors

60,000

1,86,000

1,86,000

The partners share profits in the ratio of 5:3:2. It was agreed to repay the amounts due to the partners as and when the assets were realised as Feb 1; Rs 1,20,000; Apr 1, Rs 2,92,000; June 1, Rs 1,88,000. You are required to prepare a statement showing how the distribution should be made applying Maximum Loss Method.