Olds Company declares Chapter 7 bankruptcy. The following are the accounts at that time; administrative expenses are estimated to be $12,000:

The holders of note payable B want to collect at least $125,000. To achieve that goal, how much does the company have to receive in the liquidation of itsequipment?

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Cash Accounts receivable.. Inventory Land (secures note A) 24,000 60,000 (worth $28,000) 70,000 (worth $56,000) 200,000 (worth $160,000) 400,000 (orth $320,000) Equipment .. Accounts payable.. . 120,000 (worth unknown) .180,000 - . 0 20,000 170,000 Note payable A.. . . Bonds payable 300,000