The following information was gathered from the books of Gorgeous Company which is currently undergoing bankruptcy proce

[answerhappygod]

The following information was gathered from the books of
Gorgeous Company which is currently undergoing bankruptcy
proceedings.
· Note payable of P97,500
is secured by furniture and equipment with a carrying amount of
P120,000 that is estimated to be 75% realizable.
· A mortgage payable of
P192,500 is secured by building valued at P35,000 less than
carrying amount of P230,000
· Assets not mentioned
above have an estimated value of P62,500, an amount that is P15,000
above carrying amount.
· Total liabilities not
mentioned above total P96,000, including claims with priority of
P18,500


How much is the amount available to Unsecured
Creditors?