Elvis is the owner of Singalong, Inc., a corporation that operates a karaoke studio in New York City. Singalong has fallen on hard economic times, but Elvis hopes, with more advertising and hard work, to keep the company functioning profitably. The essential equipment he needs to operate his business has recently broken down. His equipment supplier is Music Box Corporation. Elvis purchases the equipment he needs from Music Box for $160,000. On March 18, Elvis pays for the equipment in full on delivery. Singalong does not owe any additional money to Music Box. On April 1 of the same year, Elvis, no longer able to keep Singalong afloat, files a bankruptcy petition in federal court. At the time of the filing, Singalong has no assets; the company is worth nothing. Singalong has three unsecured creditors and owes all three $120,000. All three unsecured creditors have equal priority. Singalong has no other creditors.

(a) How much, if anything, will the three unsecured creditors of Singalong be entitled to recover from the $120,000 that Singalong paid to Music Box? Simply provide the amount in dollars. Do not explain.

(b) Assume the following changes to the facts provided above in this question: Singalong does not pay for the equipment in cash. Rather, it purchases the equipment from Music Box on credit. The purchase of the equipment is a PMSI. The equipment is delivered to Singalong on March 18. Music Box properly perfects the PMSI by filing on April 5 of the same year. How much, if anything, are the unsecured creditors entitled to recover from the sale of the equipment? Simply provide the amount in dollars. Do not explain.