During liquidation, the sale of all the assets of liquidated corporation resulted of net proceeds of P1,000,000 Liquidation expense amounting to P60,000 has been paid at the start of liquidation. Before the liquidation, the following data are provided concerning the financial position of the said financially distressed corporation: > The corporation has total assets with book value of P2,000,000 and deficiency amounting to (340,000. ) An investment property with book value of P500,000 and realizable value of P300,000 secured a loan payable amounting to P100,000. Inventory with book value of P1,000,000 and realizable value of P100,000 secured a note payable amounting to P200,000. Salaries payable and income tax payable amounted to P100,000 and 40,000 , respectively. What is the amount received by partially secured creditor? A. P100,000 B. P120,000 C. P140,000 D. P130,000 Using the same data in number 15 , what is the amount received by pure unsecured creditors without priority? A. P600,000 B. P570,000 C. P700,000 D. P800,000