The accountant of Drifting Corp. prepared a statement of affairs. Assets which there are no claims or liens are expected to produce P1,400,000. Unsecured claims of all classes totaled to P2,100,000. The following data are claims deemed outstanding: 1. Accrued salaries, P30,000. Unrecorded note for P10,000, on which P600 of interest has accrued held by Thirdy 2. Co. 3. A note for P60,000 secured by P80,000 receivable, estimated to be 60% collectible held by Jones Co. 4. A P15,000 note, on which P300 interest has accrued held by James Property with a book value of P10,000 and a market value of P18,000 is pledged to guarantee payment of principal and interest. Unpaid income taxes of P70,000. 5. How much is the total net free assets? How much is the total unsecured claims without priority? What is the estimated recovery percentage? How much is the amount realized by partially secured creditors?