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Chesterfield Company holds cash of $61,000, inventory worth $112,000, and a building worth $141,000. Unfortunately,...

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Accounting

Chesterfield Company holds cash of $61,000, inventory worth $112,000, and a building worth $141,000. Unfortunately, the company also has accounts payable of $191,000, a note payable of $91,000 (secured by the inventory), liabilities with priority of $37,600, and a bond payable of $172,000 (secured by the building).

In a Chapter 7 bankruptcy, how much money will the holder of the bond expect to receive?

Total amount received by bond holders:

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