Olds Company declares Chapter 7 bankruptcy. The following are the asset and liability book values at that time; administrative expenses are estimated to be $12,000:

Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 24,000

Accounts receivable. . . . . . . . . . . . . . . . 60,000         (worth $28,000)

Inventory . . . . . . . . . . . . . . . . . . . . . . . . 70,000        (worth $56,000)

Land (secures note A) . . . . . . . . . . . . . . 200,000       (worth $160,000)

Building (secures bonds) . . . . . . . . . . . . 400,000      (worth $320,000)

Equipment. . . . . . . . . . . . . . . . . . . . . . .  120,000       (worth unknown)

Accounts payable . . . . . . . . . . . . . . . . . 180,000

Taxes payable to government. . . . . . . . 20,000

Note payable A . . . . . . . . . . . . . . . . . . . 170,000

Note payable B . . . . . . . . . . . . . . . . . . . 250,000

Bonds payable . . . . . . . . . . . . . . . . . . . . 300,000

The holders of note payable B want to collect at least $125,000. To achieve that goal, how much does the company have to receive in the liquidation of its equipment?