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13-26 [LO3, LO6] Mondesto Company has the following: Unsecured creditors $ 243,000 Liabilities with priority 123,000 Secured liabilities: Debt 1, $236,000; value of pledged asset
13-26 [LO3, LO6] Mondesto Company has the following: Unsecured creditors $ 243,000 Liabilities with priority 123,000 Secured liabilities: Debt 1, $236,000; value of pledged asset 193,000 Debt 2, $198,000; value of pledged asset 113,000 Debt 3, $133,000; value of pledged asset 166,000 -------------------------------------------------------------------------------- The company also has a number of other assets that are not pledged in any way. The creditors holding Debt 2 want to receive at least $170,800. For how much do these free assets have to be sold so that the creditors associated with Debt 2 receive exactly $170,800? (Round your percentage answers in calculations to the nearest whole percent.) Sale price $
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