Mondesto Company has the following debts:

Unsecured creditors $ $230,000$

Liabilities with priority $110,000$

Secured liabilities:

Debt $1,$ $$210,000$; value of pledged asset $180,000$

Debt $2,$ $$170,000$; value of pledged asset $100,000$

Debt $3,$ $$120,000$; value of pledged asset $140,000$

The company also has a number of other assets that are not pledged in any way. If the company is liquidated, the creditors holding Debt $2$ want to receive at least $$142,000.$

Required:

How much cash in total must be generated from the free assets so that the creditors associated with Debt $2$ will receive exactly that balance?Mondesto Company has the following debts:

The company also has a number of other assets that are not pledged in any way. If the company is liquidated, the creditors holding

Debt $2$ want to receive at least $$142,000.$

Required:

How much cash in total must be generated from the free assets so that the creditors associated with Debt $2$ will receive exactly that

balance?

Answer is complete but not entirely correct.