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The Walston Company is to be liquidated and has the following liabilities: 7,600 136,eee 93,000 Income taxes Notes payable (secured by land) Accounts payable Salaries

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The Walston Company is to be liquidated and has the following liabilities: 7,600 136,eee 93,000 Income taxes Notes payable (secured by land) Accounts payable Salaries payable (evenly divided between two employees) Bonds payable Administrative expenses for liquidation 14,000 78,000 28.000 The company has the following assets: Current assets Land Buildings and equipment Book Value Fair Value $ 88,000 $ 43,000 108,000 98,000 108,000 132,000 How much money will the holders of the notes payable collect following liquidation? Total amount collected

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