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org 1. Final Company is in bankruptcy and is being liquidated under Chapter 7. The trustee has converted all assets into $200,000 cash and has

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org 1. Final Company is in bankruptcy and is being liquidated under Chapter 7. The trustee has converted all assets into $200,000 cash and has approved the following list of approved claims: Customer deposits ($1000 from each of 3 customers that ordered products that were never delivered) $3000 Property taxes payable $6000 Accounts payable, unsecured $45,000 Trustee's fees and other costs of liquidation $24,000 Mortgage payable, secured by property that was sold for $120,000, This payable is $90,000 Notes payable to bank, secured by all accounts receivable of which $45,000 was collected and $15,000 were written off as uncollectible. This payable is $60,000. Required: How much will the bank receive on the note payable? Please show all calculations

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