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Olds Company declares Chapter 7 bankruptcy. Following are the book values of the asset and...

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Accounting

Olds Company declares Chapter 7 bankruptcy. Following are the book values of the asset and liability accounts at that time. A
bankruptcy expert estimates that administrative expense will total $23,000.
The holders of note payable B want to collect at least $104,400.
Required:
To achieve this goal, how much does the company have to receive in the liquidation of its equipment?
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