Hi tutors, may I ask for a detailed explanation and solution for this? Thank you.

ALBIE Corporation is undergoing liquidation. The trustee of ALBIE Corp. presents the following information:

P280,000 assets are available to unsecured creditors (excluding those unsecured with priority), P40,000 of which represents inventories. It was ascertained that only inventories were not pledged to any liabilities. Unpaid liabilities are as follows: administrative expenses, P14,000; taxes, P24,000; and wages, P10,000. Accounts payable and notes payable totaled P400,000. No assets were pledged on the said liabilities. Payment to fully secured creditors and partially secured creditors amount to P272,000 and P540,000, respectively.

9. If the recovery percentage is 35 percent, how much would be the assets pledged to fully secured liabilities?

a. 272,000

b. 552,000

c. 560,000

d. 512,000

10. How much would be the assets pledged to partially secured liabilities?

a. 540,000

b. 140,000

c. 280,000

d. 400,000