On May 6, 2021, the statement of affairs of Ceres Company, which is in bankruptcy liquidation, included the following:

Assets pledged for fully secured liabilities 110,000

(fair value, P120,000)

Assets pledged for partially secured liabilities 140,000

(fair value, P90,000)

Free Assets 90,000

Fully Secured liabilities 90,000

Partially secured liabilities 140,000

Unsecured liabilities with priority 60,000

Unsecured liabilities without priority 100,000

1. The total estimated deficiency to unsecured creditors

60,000

70,000

80,000

90,000

2. Refer to Ceres Company, the costs per peso that unsecured creditors may expect to receive

P0.40

P0.50

P0.60

P0.75