A company preparing for a Chapter 7 liquidation has the following liabilities: Note payable A of $130,000 secured by land having a book value of $70,000 and a fair value of $90,000. Note payable B of $160,000 secured by a building having a $80,000 book value and a $60,000 fair value. Note payable C of $80,000, unsecured. Administrative expenses payable of $40,000. Accounts payable of $140,000. Income taxes payable of $50,000. The company also has these other assets: Cash of $30.000. Inventory of $140,000 but with a net realizable value of $80,000. Equipment of $130,000 but with a net realizable value of $70,000. How much will each of the company's liabilities be paid at liquidation? X Answer is complete but not entirely correct. Payment on note payable A Payment on note payable B Payment on note payable C Payment on administrative expenses Payment on accounts payable Payment on income taxes payable Amount $ 13,000 $ 32,500 X $ 26,000 X $ 13,000 $ 45,500 X $ 50,000