Astatement of financial affairs created for an insolvent corporation that is beginning the process of liquidation discloses the following data (assets are shown at net realizable values):

Assets pledged with fully secured creditors.$200,000 LO4 Fully secured liabilities.150,000 Assets pledged with partially secured creditors. 380,000 Partially securedliabilities. 490,000 Assets not pledged.300,000 Unsecured liabilities with priority.160,000 Accounts payable (unsecured).390,000

a. This company owes $3,000 to an unsecured creditor (without priority). How much money can this creditor expect to collect?

b. This company owes $100,000 to a bank on a note payable that is secured by a security interest attached to property with an estimated net realizable value of $80,000. How much money can this bank expect to collect?