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In: AccountingA company preparing for a Chapter 7 liquidation has thefollowing liabilities:• Note payable A...A company preparing for a Chapter 7 liquidation has thefollowing liabilities:• Note payable A of $98,000 secured by land having a book valueof $54,000 and a fair value of $74,000.• Note payable B of $128,000 secured by a building having a$64,000 book value and a $44,000 fair value.• Note payable C of $64,000, unsecured.• Administrative expenses payable of $24,000.• Accounts payable of $124,000.• Income taxes payable of $34,000.The company also has these other assets:• Cash of $14,000.• Inventory of $108,000 but with fair value of $64,000.• Equipment of $98,000 but with fair value of $54,000.How much will each of the company's liabilities be paid atliquidation?Payment on Note payable A?Payment on Note payable B?Payment on Note payable C?Payment on Administrative expenses?Payment on Accounts payable?Payment on Note payable?Payment on income taxes payable?