Olds Company declares Chapter 7 bankruptcy. The following are the asset and liability book values at that time; administrative expenses are estimated to be $20,000:

The holders of note payable B want to collect at least $129,000. To achieve that goal, how much does the company have to receive in the liquidation of its equipment?

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Cash .._ . . Accounts receivable . ._._ _ _ . . . . _ _ . .. Inventory..- 68,000 (worth $36,000) 78,000 (worth $64,000) 188,000 28,000 186,000 258,000 . 308,000