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The Walston Company is to be liquidated and has the following liabilities: $ 9,400 134,000 92,000 Income taxes Notes payable (secured by land) Accounts payable

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The Walston Company is to be liquidated and has the following liabilities: $ 9,400 134,000 92,000 Income taxes Notes payable (secured by land) Accounts payable Salaries payable (evenly divided between two employees) Bonds payable Administrative expenses for liquidation 3 13,000 77,000 27,000 The company has the following assets: ces Current assets Land Buildings and equipment Book Value Fair Value $ 87,000 $ 42,000 107,000 97,000 107,000 131,000 How much money will the holders of the notes payable collect following liquidation? Total amount collected

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