Olds Company declares Chapter 7 bankruptcy. The following are the book values of the asset and liability accounts at that time. A bankruptcy expert estimates that administrative expense will total $19,000. Cash Accounts receivable Inventory Land (secures note A) Building (secures bonds) Equipment Accounts payable Taxes payable to government Note payable A Note payable B Bonds payable $ 31,000 Amount to be received 67,000 (valued at $35,000) 77,000 (valued at $63,000) (valued at $167,000) 207,000 (valued at $334,000) 407,000 127,000 (value unknown) 187,000 27,000 184,000 257,000 307,000 The holders of note payable B want to collect at least $128,500. To achieve this goal, how much does the company have to receive in the liquidation of its equipment?

Oids Company declares Chapter 7 bankruptcy. The following are the book values of the asset and llability accounts at that time. A bankruptcy expert estimates that administrative expense will total $19,000. The holders of note payable B want to collect at least $128,500. To achieve this goal, how much does the company have to receive in the liquidation of its equipment