Olds Company declares Chapter 7 bankruptcy. The following are the accounts at that time; admin¬ istrative expenses are estimated to be $12,000:

Cash.

$ 24,000 Accounts receivable. LO4 60,000

(worth

$28,000)

Inventory.

70,000

(worth

$56,000)

Land (secures noteA).

200,000

(worth

$160,000)

Building (secures bonds).

400,000

(worth

$320,000)

Equipment.

120,000

(worth unknown)

Accountspayable.

180,000 Taxes payable to government.

20,000 Note payable A.

170,000 Note payable B.

250,000 Bondspayable.

300,000 The holders of note payable B want to collect at least $125,000. To achieve that goal, how much does the company have to receive in the liquidation of its equipment?