Qulncy Corp., about to be liquldated, has the following amounts for Its assets and liabillties: Net Book Value Realizable Value s 28e,8 148,80e 7,8 1, 80e 358,800 168 , eee Current assets Land Building Equipment Accounts payable Income taxes payable Mortgage payable Note payable 58e,88e ee , eee 248,800 68,808 518,880 88,808 The mortgage Is secured by the land and bullding, and the note payable is secured by the equlpment. Qulncy expects that the expenses of administering the liquidation will total $40,000. How much should the mortgage holder expect to collect from the liquidation? How much should the mortgage holder expect to collect from the liquidation? Multiple Cholce $480,000 $478.000