The Walston Company is to be liquidated and has the following liabilities:

Income taxes $ 3,900

Notes payable (secured by land) 166,000

Accounts payable 108,000

Salaries payable (evenly divided between two employees) 12,000

Bonds payable 93,000

Administrative expenses for liquidation 43,000

The company has the following assets:

Book Value Fair Value

Current assets $ 103,000 $ 58,000

Land 123,000 113,000

Buildings and equipment 123,000 166,000

How much money will the holders of the notes payable collect following liquidation?