A company that was to be liquidated had the following liabilities:
Income Taxes	$	15,000
Notes Payable secured by land		120,000
Accounts Payable		48,000
Salaries Payable ($18,000 for Employee #1 and $5,000 for Employee #2)		23,000
Administrative expenses for liquidation		25,000
The company had the following assets:		Book Value	Fair Value
Current Assets	$	130,000	$115,000
Land		60,000	100,000
Building		175,000	220,000

Assets available for unsecured creditors after payments of liabilities with priority are calculated to be what amount?

Multiple Choice

$134,000.

$229,000.

$208,350.

$276,350.

$204,000.