What is the fair value of the building? * (2 Points) SG Company is bankrupt and has undergone corporate liquidation. Presented below is its statement of financial position before the start of liquidation: Cash 300,000 Machinery 500,000 Accounts Payable Salaries Payable 100,000 200,000 Building 1,200,000 Income Tax Payable 300,000 Loan Payable 400,000 Mortgage Payable 500,000 Contributed Capital 800,000 Deficit (300,000) Liquidation expenses amounting to P600,000 were paid. The loan payable is secured by the Machinery with fair value of P300,000. The mortgage payable is secured by the building. At the end of liquidation, the holder of loan payable received P340,000. P1,380,000 P880,000 P1,200,000 omprehensive Approa