The following amounts are disclosed in a statement of financial affairs created for an insolvent corporation that is beginning the process of liquidation. All assets are shown at net realizable values.

Assets pledged with fully secured creditors

Fully secured liabilities

Assets pledged with partially secured creditors

Partially secured liabilities

Assets not pledged

Unsecured liabilities with priority

Accounts payable $($unsecured$)$

$$240,000$

$170,000$

$400,000$

$530,000$

$320,000$

$174,000$

$410,000$

Required:

a$.$ The company owes $$23,000$ on an account payable to an unsecured creditor $($without priority$).$ How much money can this creditor expect to collect?

b$.$ The company owes $$140,000$ to a bank on a note payable that is secured by a security interest attached to property with an estimated net realizable value of $$100,000.$ How much money can the bank expect to collect?

a$.$ Expected amount by creditor

b$.$ Expected amount by bank