The Walston Company is to be liquidated. It has the following liabilities: Income taxes Notes payable (secured by land) Accounts payable Salaries payable (evenly divided between two employees) Bonds payable Administrative expenses for liquidation The company has the following assets: Current assets Land Buildings and equipment Book Value Total amount collected $ 84,000 104,000 104,000 Fair Value $ 39,000 94,000 123,000 $ 11,800 128,000 89,000 8,000 74,000 24,000 How much money will the holders of the notes payable collect following liquidation?

The Walston Company is to be liquidated. It has the following liabilities: The company has the following assets: How much money will the holders of the notes payable collect following liquidation