A statement of financial affairs created for an insolvent corporation that is beginning the process of liquidation discloses the following data(assets are shown at the realizable values):

Assets pledged with fully secured creditors                                                $ 220,000

Fully Secured liabilities                                                                                   160,000

Assets pledged with partially secured creditors                                              390,000

Partially secured liabilities                                                                               510,000

Assets not pledged                                                                                          310,000

Unsecured liabilities with priority                                                                    182,800            

Accounts payable(unsecured)                                                                          400,000      

a. This company owns $13,000 to an unsecured creditor (without priority). How much money can this creditor expect to collect?

Expected amount by creditor

b. This company owes $120,000 to bank on a note payable that is secured by a serurity interest attached to property with an estimated net realizable value of $ 90,000. How much money can this bank expect to collect?

Expected amount by bank