Distressed Corporation is undergoing liquidation. Relevant information as of January 1, 20x1 is shown below: ASSETS Carrying Amount Net Realizable Value Cash P250,000 P300,000 Accounts Receivable 150,000 355,649 Equipment-net 600,000 200,000 Land 1,700,000 1,500,000 TOTAL ASSETS P2,700,000 P2,355,649 LIABILITIES Carrying Amount Settlement Amount Accounts Payable P1,000,000 P1,000,000 Salaries Payable 500,000 500,000 Notes Payable 800,000 805,234 Loan Payable 800,000 800,000 TOTAL LIABILITIES P3,100,000 P3,105,234 EQUITY Share Capital P1,600,000 Retained Earnings (2,000,000) Capital Deficiency (400,000) TOTAL LIABILITIES & EQUITY P2,700,000 Additional Information: Administrative expenses amounting to P180,744 are expected to be incurred during the liquidation process. The equipment is pledged to the loan payable. The land is pledged to the notes payable. QUESTIONS: 1. What is the amount paid to unsecured creditors without priority? 2. What is the amount paid to partially secured creditors?