Problem 13-33 (LO 13-5)

Olds Company declares Chapter 7 bankruptcy. The following are the asset and liability book values at that time; administrative expenses are estimated to be $15,000:

Cash	$	27,000
Accounts receivable		63,000	(worth $31,000)
Inventory		73,000	(worth $59,000)
Land (secures note A)		203,000	(worth $163,000)
Building (secures bonds)		403,000	(worth $326,000)
Equipment		123,000	(worth unknown)
Accounts payable		183,000
Taxes payable to government		23,000
Note payable A		176,000
Note payable B		253,000
Bonds payable		303,000

The holders of note payable B want to collect at least $101,200.

To achieve that goal, how much does the company have to receive in the liquidation of its equipment?