B. Unsecured liabilities with priority 9. Unsecured liabilities without priority 10. Assuming P4,000,000 total cash is available to pay the claims above, how much is the expected amount to be received by the partially secured creditors? D. The Statement of Financial Position of Air Supply Corporation as of year-end is presented: Current assets (NRV of PSM) P8,200,000 Property, plant and equipment (NRV of PoM) 7,500,000 Other assets 1,000,000 Total Assets W Accounts payable (secured by Receivables with NRV P3.2M) P6,000,000 Loans payable (secured by PPE with NRV of (4.8M) 8,000,000 Contributed capital 3,400,000 Retained earnings (Decit) (700.000) Total Liabilities and Equity m Compute for the following: 11. Estimated deciency to unsecured claims 12. Total free assets available to unsecured claims 13. Expected amount to be received by loans payable group of creditors E. The following information is related to Queen SG Company which is undergoing liquidation: a. Bonds payable amounting to P73,600 is secured by merchandise with book value of P123,000 and net realizable value of 4I5 of the recorded amount. b. Of the P195,600 accounts payable, P55,000 is secured by equipment with carrying value of 976,300 which is 75% realizable. c. Building with carrying amount of P125,000 has a net realizable value of P100,000. d. Other recorded liabilities are accrued interest on bonds, P3,100; salaries payable, P17,400; taxes payable, P11,600; and trustees fee, P8,500. e. Cash available prior to liquidation amounts to P12,000. f. Total Assets of Queen SG presented in its Balance Sheet prior to liquidation amounts to P500,000. Except for prepaid expenses of P8,000 and goodwill of P20,000 which has no value, the remaining assets, other than those indicated above has net realizable value of 60% of the recorded amount. g. Total recorded liabilities of the company prior to liquidation is P380,000. 1. Percentage (\") of recovery 2. Total amount available to unsecured creditors 3. Amount received by accounts payable group F. The Vocal Trinity + the GOAT Corporation prepares a Statement of Affairs which presents unsecured claims that totaled P875,000 and may expect to receive P350,000 if assets were sold for the benet of the creditors. The following information is available: 0 Celine, the trustee, is to be paid P22,500 for trustee's fees. o Mariah Corporation holds a note for P50,000 excluding accrued interest of P5,000. A machinery with book value of P48,000 and net realizable value of P60,000 is pledged on the note. . Whitney Corporation holds a note for P86,000 including accrued interest, inventories with book value of P98,000 is pledged on the note. The inventories have a net realizable of 75% of the recorded amount. o Sarah Corporation holds a note for P100,000. Nothing has been pledged for the note. How much is the expected amount to be received by: I FnI:-In '1 MI-..:-.|-. '3 \"mam-.. A (\"q\"L