The next three questions are based on the following information: Quitter Co. is undergoing liquidation. Relevant information follows: Carrying amount Realizable value Assets pledged with partially secured creditors 80,000 50,000 Free assets 220,000 160,000 Expected settlement amount Amount unsecured Liabilities with priority 16,000 Partially secured creditors 75,000 25,000 Unsecured creditors 155,000 155,000 12. What is the total amount available for payment of claims of unsecured creditors? a. 210,000 C. 144,000 b. 160,000 d. 0 13. What is the estimated amount of liquidating dividend per peso claim? a. 1.17 C. 0.88 b. 1.03 d. 0.80 14. What is the amount of deficiency to creditors? a 36,000 b. 144,000 C. 160,000 180,000 15. The estimated recovery of unsecured creditors without priority is equal a. to the realizable value of the assets pledged plus the excess amount multiplied by the estimated recovery percentage. b. to the realizable value of the assets pledged minus the excess amount multiplied by the estimated recovery percentage C. to their claims multiplied by the estimated recovery percentage. d any of these