The Scripps Corporation is undergoing liquidation and has the following condensed balance sheet as of January 1, Year 3: Assets Liabilities and SHE Cash P 28,550 Salaries Payable P 12,500 Receivables (net) 85,200 Accounts Payable 27,125 Inventory 20,000 Bonds Payable 100,000 Prepaid Expenses 625 Bank Loan Payable 55,000 Property and Equipment (net) 86,250 Note Payable 20,000 Goodwill 13,750 Ordinary shares 30,000 . Deficit (10,250) Total Assets P234,375 P234,375 The Bonds payable is secured by the property and equipment having book value of P86,250 and a realizable value of P90,000. Of the accounts payable, P15,000 is secured by the receivable in excess of that pledged for the bank loan. The balance in the book value of the receivables which has a realizable value of P58,750 is used to secure the bank loan payable. The inventory has a realizable value of P13,250. In addition to the recorded liabilities are accrued interest on bonds payable amounting to P1,000 and trustees expenses amounting to P1,375. Compute for the settlement to secured creditors, partially secured creditors and unsecured creditors