Reference no: EM132832188

Finished Co. is undergoing liquidation. The statement of affairs shows the following info:

                                                                         Assets - Carrying amount - Realizable Value

Assets pledged to fully secured creditors-         160,000 - 190,000

Assets pledged to partially secured creditors -    90,000 - 60,000

Free assets -                                                200,000 - 140,000

total -                                                           450,000 - 390,000

                             Liabilities - Carrying amount - Realizable Value

Liabilities with priority -             20,000 - 20,000

Fully secured creditors -              130,000 - 130,000

Partially secured creditors -         100,000 - 100,000

Unsecured creditors -                260,000 - 260,000

Total                                   510,000 - 510,000

Question 1: if all assets were sold at their realizable values and all the liabilities were settled at their expected settlement amounts, how much will the partially secured creditors receive?

Question 2: If all the assets were sold at their realizable values and all the liabilities were settled at their expected settlement amounts, how much will the unsecured creditors receive?