Ambrose Corporation reports the following information.
| Book Value | Liquidation Value |
Assets pledged with fully secured creditors | $220,000 | $245,000 |
Assets pledged with partially secured creditors | 111,000 | 103,000 |
Other assets | 140,000 | 81,000 |
Liabilities with priority | 36,000 |
|
Fully secured liabilities | 200,000 |
|
Partially secured liabilities | 180,000 |
|
Accounts payable (unsecured) | 283,000 |
|
In liquidation, what amount of cash should each class of liabilities expect to collect?
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