on Company Is To B Saved The Walston Company is to be liquidated and has the following liabilities: Help Say $ Income taxes Notes payable (secured by land) Accounts payable Salaries payable (evenly divided between two employees) Bonds payable Administrative expenses for liquidation 7,609 136,000 93,000 14,000 78,000 28,000 The company has the following assets: Current assets Land Buildings and equipment Book Value $ 68,000 188,000 100,000 Fair Value $ 43,000 98,000 132,000 otal amount collected ow much money will the holders of the notes payable collect following liquidation? o Prev BE 7 of 8 ili Next >