2.

Mondesto Company has the following debts: 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 the free assets have to be sold so that the creditors associated with Debt 2 will receive exactly $170,800? A statement of financial affairs created for an insolvent corporation that is beginning the process of liquidation discloses the following data. The assets are shown at net realizable values. a. The company owes $25,000 on an account payable to an unsecured creditor (without priority). How much money can this creditor expect to collect? b. The company owes $144,000 to a bank on a note payable that is secured by a security interest attached to property with an estimated net realizable value of $102,000. How much money can the bank expect to collect