A statement 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 $ 234,000

Fully secured liabilities 167,000

Assets pledged with partially secured creditors 397,000

Partially secured liabilities 524,000

Assets not pledged 317,000

Unsecured liabilities with priority 170,400

Accounts payable (unsecured) 407,000

a. This company owes $20,000 to an unsecured creditor (without priority). How much money can this creditor expect to collect?

b.This company owes $134,000 to a bank on a note payable that is secured by a security interest attached to property with an estimated net realizable value of $97,000. How much money can this bank expect to collect?