Gargantuan Bank has loaned money in two seperate loans to little company, which is now in Chapter 7 bankruptcy. Little Company has the following assets and luabilities, stated at fair value in liquidation. Determine the amount of cash that Gargantuan will collect from these two pieces of debt.

ACCP 472 Test Bank Chapter 18 14) Gargantuan Bank has loaned money in two separate loans to Little Company, which is now in Chapter 7 bankruptcy. Little Company has the following assets and liabilities, stated at fair value in liquidation. Assets pledged with secured creditors Assets pledged with partially secured creditors Other assets Secured debt to Gargantuan Partially secured debt to Gargantuan Unsecured liabilities with priority 190,000 70,000 30,000 130,000 110,000 50,000 160,000 Unsecured liabilities Required Determine the amount of cash that Gargantuan will collect from these two pieces of debt