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Chesterfield Company holds cash of $64,000, inventory worth $118,000, and a building worth $144,000. Unfortunately,...

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Accounting

Chesterfield Company holds cash of $64,000, inventory worth $118,000, and a building worth $144,000. Unfortunately, the company also has accounts payable of $194,000, a note payable of $94,000 (secured by the inventory), liabilities with priority of $31,000, and a bond payable of $178,000 (secured by the building).

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

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