saved A company that was to be liquidated had the following liabilities: Income Taxes $ 15,000 Notes Payable secured by land 120,000 Accounts Payable 48,000 Salaries Payable ($18,000 for Employee #1 and 23,000 $5,000 for Employee #2) Administrative expenses for liquidation 25,000 The company had the following assets: Current Assets Land Building Book Fair Value Value $130,000 $115,000 60,000 300,000 175,000 220,000 Total liabilities with priority are calculated to be what amount? Multiple Choice . $106,650 $38,000 Total liabilities with priority are calculated to be what amount? Multiple Choice $106,650. $38,000. O $111.000 $63,000 O $58,650