Question: A company preparing for a Chapter 7 liquidation has the following liabilities: Note payable A of $ 1 1 0 , 0 0 0 secured

A company preparing for a Chapter 7 liquidation has the following liabilities:
Note payable A of $110,000 secured by land having a book value of $60,000 and a fair value of $80,000.
Note payable B of $140,000 secured by a building having a $70,000 book value and a $50,000 fair value.
Note payable C of $70,000, unsecured.
Administrative expenses payable of $30,000.
Accounts payable of $130,000.
Income taxes payable of $40,000.
The company also has these other assets:
Cash of $16,800.
Inventory of $120,000 but with a net realizable value of $70,000.
Equipment of $110,000 but with a net realizable value of $60,000.
How much will each of the company's liabilities be paid at liquidation?
Amounts...
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: ?

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