Erap Co. filed a voluntary bankruptcy petition on August 15, 2015, and the statement of affairs reflects the following amounts: Assets: Assets pledged with fully secured creditors P 300,000 Assets pledged with partially secured creditors Free assets ....... Liabilities: Liabilities with priority Fully secured creditors Partially secured creditors Unsecured creditors a. b. ... P240,000 280,000 Book value C. d. 180,000 420,000 P 900,000 P70,000 260,000 200,000 540,000 P1,070,000 Assume that the assets are converted to cash at the estimated current values and the business is liquidated. What amount of cash will be available to pay unsecured nonpriority claims? P320,000 360,000 Estimated current value P370,000 120,000 320,000 P810,000