The PAL Company has decided to seek liquidation after previous restructuring and quasi-reorganization attempts failed. The company has the following condensed statement of financial position as of May 1,2011:

ASSETS LIABILITIES & STOCKHOLDERS EQUITY

Cash P 12,000 Accrued payroll P 40,000

Receivables (net) 280,000 Loans from officer 50,000

Inventory 70,000 Accounts payable 60,000

Prepaid expenses 1,000 Equipment loan payable 360,000

Plant assets 300,000 Business loan payable 180,000

Goodwill 39,000 Common stock 60,000

Deficit (48,000)

Total P 702,000 Total P 702,000

The equipment loan payable is secured by specific plant assets having a book value of P300,000 and a realizable value of P350,000. Of the accounts payable, P40,000 is secured by inventory which has a cost of P40,000 and a liquidation value of P44,000. The balance of the inventory has a realizable value of P32,000. Receivables with a book value and market value of P100,000 and P80,000 respectively have been pledged as collateral on the business loan payable. The balance of the receivables have a realizable value of P150,000.

Using the same data, the realizable value of assets pledged with fully secured creditors is: _______

Using the same data, of those creditors who are partially secured, their unsecured amounts are: _______

Using the same data, the total realizable value of free assets to unsecured creditors before unsecured creditors with priority is: _______

Using the same data, the dividend to unsecured creditors or the expected recovery percentage of unsecured creditors (rounded) is: _______

Using the same data, estimated deficiency to unsecured creditors is: _______

Using the same data, estimated amount paid to unsecured creditors with priority is: _______

Using the same data, estimated amount paid to fully secured creditors is: _______

Using the same data, estimated amount paid to unsecured creditors without priority is: _______

Using the same data, estimated payment to partially secured creditors is _______

Using the same data, estimated payment to creditors is (round off) _______