hi tutors, can I ask a detailed explanation and solution for this? Thank you.

The following data are taken from the statement of affairs of BA-GAY-AO Company:

Unsecured liabilities without priority 490,000 Partially secured liabilities 262,500 Fully secured liabilities 131,250 Unsecured liabilities with priority 30,625 Free assets (fair value P350,000) 306,250

Assets pledged to partially secured liabilities (fair value P227,500) 323,750 Assets pledged to fully secured liabilities (fair value P328,125) 393,750

8. Compute the expected recovery percentage for unsecured without priority creditors. a. 98.33%

b. 97.24%

c. 96.47%

d. 89.32%